Hi,
We registered for VAT starting from 1st July 2020. I would like to claim the VAT back from Jan 2020, I have reconciled the bank account with all receipts but just want to check how I now reclaim it back?
I have asked to send in my VAT returns quarterly so for the 1st return do I do it for half yearly or just reclaim it all in the 1st quarterly submission?
Thanks
Kennels9
Solved! Go to Solution.
Hi there, Kennels9.
You can pull up the VAT 100 report so you'll be able to get the total VAT additional amount under the previous period. Follow the steps below.
Once done, add the reclaimed VAT in Box 4. Here's how:
I would also recommend consulting HRMC to verify if you'll need to reclaim VAT on semi-annual or if it's for the first quarterly submission.
To learn more about VAT, please read this article for your reference:
I'll be right here if you need some help.
Hi there, Kennels9.
You can pull up the VAT 100 report so you'll be able to get the total VAT additional amount under the previous period. Follow the steps below.
Once done, add the reclaimed VAT in Box 4. Here's how:
I would also recommend consulting HRMC to verify if you'll need to reclaim VAT on semi-annual or if it's for the first quarterly submission.
To learn more about VAT, please read this article for your reference:
I'll be right here if you need some help.
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