VAT [Summary]

Index to Reports window > VAT > VAT Reports

This report provides a summary of VAT charged on invoices, purchases (not necessarily collected or paid), cheques and deposits within a date range, sorted by VAT code.

Note: The line below "Total," labelled "Less EC Purchase VAT" will only affect your reports if you are involved in intra-EC trade. If you are involved in intra-EC trade, see Using Accounting Plus for Intra-EC Trade, which describes the effect of this line.

More Details about the VAT (Summary ) Report

VAT [Summary ]
1/9/02 through 31/12/02

Code Description Rate Output Value Input Value VAT Collected VAT Paid

__________________________________________________________________________________________

X Exempt 0.000% £32,000.00 £25,227.95    
A 5% Taxable 5.000% £23,708.50   £1,185.43 ___________
        Total: £1,185.43 £0.00