3. Complete the VAT Return - UK only

This includes:

• Transferring the values from the sales and purchase tax control accounts into your VAT liability.
• Submitting your VAT Return to HMRC.
• Recording the payment or receipt, depending on whether you owe HMRC or are due a refund from HMRC.

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VAT transfer

Complete the VAT transfer area as follows:

1. Date - Enter the date for the VAT Transfer.
2. Sales Tax Amount - This is the amount from Box 1 on the VAT Return.
3. Purchase Tax Amount - This is the amount from Box 4 minus the amount from Box 2 on the VAT Return.
4. Click Post Journal.

Submit to HMRC

• Click Submit online and follow the submission wizard. For detailed screenshots. Read more >
• If you've submitted the return to HMRC using another method, click the Mark as submitted check box.

Record payment

• Once complete, you can click Post Bank Payment or Post Bank Receipt.
• If you've already recorded the payment or receipt in the bank click the Mark as paid check box.

That's it, you've completed your VAT Return and can click Close.