Accounting Plus constructs the VAT reports by grouping transactions together based on the VAT code used. Therefore, any transaction entered without a VAT code, WILL NOT APPEAR ON ANY VAT REPORT. If you delete a VAT code from an entry, or you use the Nominal Journal Entry screen to adjust the VAT control account, it will not appear on the VAT reports.
The only way to make an adjustment to the VAT report is to make an entry through one of the screens that has a VAT column, and to select an appropriate VAT code.
Alternatively, you could make your adjustments manually when preparing your VAT return. If you do this, make sure you keep detailed records of why the adjustment was made and how the difference between the Accounting Plus reports and your VAT return is made up. You will be asked to produce this by Customs & Excise during any VAT visit that they may make.
The basic structure of the accrual accounting and cash accounting for VAT reports are the same - the only difference is in which transactions appear on them. Any minor differences in the two sets of reports are noted in the following descriptions:
VAT (Summary) and VAT (Summary - Cash) reports
VAT (Detail) and VAT (Detail - Cash) reports
VAT Return and VAT Return (Cash) reports
Also see samples of each of these reports:
VAT [Summary]
VAT [Summary - Cash]
VAT [Detail]
VAT [Detail - Cash]
VAT Return
VAT Return [Cash]
Other VAT-related reports include:
EC Sales
VAT Amount Variance
VAT Exceptions [Cash Transactions]
VAT Exceptions [Invoice Transactions]
VAT Code List
Tax Information Reconciliation [Summary]
Tax Information Reconciliation [Detail]