How To: Use the Advanced Processing Method for VAT Returns


WARNING icon
 Using the Advanced Processing Method for VAT Returns is an Advanced User feature.
Please ensure that you read and understand the following instructions before processing your VAT Return. Once a return has been committed, it cannot be amended in any way.


Overview

Whilst completing your VAT Return, you may wish to include and exclude specific transactions. The Advanced Processing method allows you to do this by allowing the user to include transactions within the Return by either Date Range or Selection. The Advanced Processing Method also allows you to review previously committed VAT Returns.
Note: Selecting the "Advanced" option will, by default, list ALL transactions that have not yet been reported on. If you have previously done a monthly or quarterly return then the grid entries will appear with a purple background indicating that they are 'Excluded'.

Using the Advanced Processing Method

  1. Start the VAT Return process, see How To: Process a VAT return.
  2. Click on the Advanced radio button.
  3. Make sure that the "Show All (or only non-excluded)" checkbox is ticked.
  4. Click on the button.
  5. To select the transactions that are relevant to your VAT Return, it is best initially to exclude ALL of the transactions (if you have previously done a monthly or quarterly VAT in Khaos Control then the entries may already be excluded. If they have they will have a purple background). You can then include those that you wish to include on the return:
    1. Green select all transactions Ctrl+A.
    2. Right click and select Exclude selected items.
    3. Green select all transactions again Ctrl+A.
    4. Right click and select Include By Date and select the date range for your return.
      Note: the excluded transactions will turn Purple and will NOT be included in the VAT return report (next) nor will they be Committed at the end of this process, remaining available for future VAT Returns.
  6. Untick the Show All checkbox to hide the purple items, which allows you to compare the grid totals with the VAT Return form.
  7. Click on the button.
  8. To complete the VAT Return, see Processing the VAT Return.

Note: Include/Exclude by Selected Items can also be used if this is easier.

See Also


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