How To: Commit a Tax Return when using Country Specific VAT

Table Of Contents

Introduction
Before You Begin
Steps
Monthly Returns
Quarterly Returns
Additional Information
Related Articles

Introduction

If you use Country Specific VAT, you can commit VAT returns directly from the Tax Register.
This process finalises the VAT transactions for a selected country and tax period, marking them as included in a VAT return.

Before You Begin

Make sure you have reviewed the transactions for the period and are ready to commit the return. Once committed, the transactions will be treated as part of that VAT submission.

Steps

  1. Open the Accounts screen (show me how).
  2. Open the Tax (VAT) | Tax Register_Tax_Register_Tab) tab.
  3. Select the period you want to include in the VAT return.

Monthly Returns

  1. Select the Monthly radio button.
  2. Choose the required month and year.

Quarterly Returns

  1. Select the Quarterly radio button if it is not already selected.
  2. Choose the appropriate period from the drop-down list.
    The selected month should be the final month of the quarter you are reporting on. For example, to report on April, May and June 2022, select June 2022.
  3. Select the required country from the Country drop-down list.
  4. Click Go.
  5. Review and respond to any prompts that appear:
    • If there are uncommitted transactions from earlier periods, you will see the message:
      "Do you wish to include uncommitted transactions from previous periods?"
      Click Yes to include them in the current return.
    • If there are uncommitted transactions that are two or more tax periods old, you will see the message:
      "There are uncommitted transactions from 3 months ago or more, do you wish to include these as well?"
      Click Yes to include them in the current return.
  6. The selected country and country reference will be displayed in the Tax Register_Tax_Register_Tab) grid.
  7. Right-click within the grid and select:
    Commit Return For Country Tax
  8. Read the warning message that appears and acknowledge it by clicking the yellow warning triangle.
  9. Click OK to commit the VAT return.

Additional Information

  • Country-specific VAT returns use a simplified commit process.
  • Unlike UK VAT returns, there are no additional submission options when committing foreign VAT returns.
  • Any eligible uncommitted transactions from previous periods can be included during the commit process if required.
  • The Tax Register displays the country and reference details associated with the return being committed.

See Also


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