Click the Create VAT Return button to create the VAT return. Some fields are populated automatically, while other fields must be filled in manually.
Once you have created the VAT return, the return will be assigned the 'Draft' status. This status is displayed on the VAT returns form. You can still delete the return, if necessary. If you are happy with the return, you can make it final by clicking the Complete VAT Return button. The tax return is assigned the 'Final' status. You can no longer delete the tax return, but you can still make corrections by clicking the Create VAT return button. You can only submit a correction (supplement) to a tax return if the tax return has a 'Final' status. On the Create VAT Return form, select the Supplement check box and select the return you want to correct in the VAT return to correct field.
Select the submission period. If you select 'Month' in the VAT return period selection field, then the To VAT return period field is filled in automatically.
Your choice depends on the frequency with which your business is required to submit its tax returns. If the frequency is less than once a month, for example once every quarter, choose 'Period' and then fill in the period in the From VAT return period and To VAT return period fields. Selecting 'Period' will provide additional information: if a period is closed, you know that there will be no more invoices.
Note: You can select 'Period' only if your fiscal period covers a month, in other words, if you are using 12 fiscal periods per year.
Enter the last month of the submission period. If a VAT return already exists for the period specified, you will see a warning during the execution of the process saying that any journal lines that are already part of a VAT return will be skipped.
Select the Supplement check box if you want to submit a correction to a return. You can only submit corrections to tax returns that have the 'Final' status. You also need to select the VAT return to correct check box.
VAT return period