When you reconcile your VAT Return, the transactions that were included in the return are flagged as being VAT reconciled.
You can easily check these transactions at any time.
| R | The transaction has been included in a VAT Return and is VAT reconciled. |
|---|---|
| N | The transaction isn't VAT reconciled yet. |
| - | The transaction is not applicable for VAT and won't appear on a VAT Return. |
TIP: for more help with VAT Returns, the following article covers some useful hints and tips. Read more >
From April 2022, Making Tax Digital (MTD) applies to all VAT registered businesses. If you're looking for an MTD solution, Sage 50cloud Accounts has what you need.
