You can access all of the options related to VAT from this window. The table below explains what each option is for.
If you are based in the Republic of Ireland, please refer to the ROI VAT window
You can access the VAT window from Company > Manage VAT.
Accounts Plus and Accounts Professional onlySelect this option to enter any fuel scale charges. Scale charges are taxes levied against free fuel provided for personal use in company cars, and they are based on the carbon dioxide - CO2 emissions band, defined for the specific car engine. Find out more |
|
|
Select this option to calculate, reconcile and submit your VAT Return. Find out more |
|
|
Creates your EC Sales List which you can submit online to HMRC. If you are registered for VAT and supply goods or services to customers in the EC, you need to submit an EC Sales List. The information provided on the EC Sales List is used in the UK and by other member states to ensure that VAT has been correctly accounted for, on the sale of goods and services within the EC. Find out more |
|
|
Generates a Reverse Charge Sales List (RCSL). If your business involves the sale of goods that are affected by carousel fraud legislation, you need to generate and submit a RCSL to HMRC. Find out more |
|
|
Opens the Prepare for Audit window, where you can choose to: Run VAT Audit Check - This checks your sales and purchases, where the tax rate is a specified amount. Check VAT values on transactions for possible errors - Use this option to view any transactions, where the expected tax amount is not the same as the actual tax amount on the transaction. |
|
|
Opens the VAT reports window. You can use these reports to verify and reconcile the values on your VAT Return. Find out more |
|
|