VAT Return Report for EC Purchases

VAT Return report shown below is created from the transactions used in VAT Detail Report for EC Purchases.

Box 2

This box shows the notional amount generated by the purchase made using the EC Purchase VAT.

Box 4

This box shows the notional amount generated by the purchase made using the EC Purchase VAT code, and the amount paid to the UK supplier on the Non-EC.

Box 5

Box 5 = Box 3 less Box 4. These two boxes include the notional VAT amount from the EC Purchase transaction and cancel each other out leaving just real VAT.

Box 7

This box shows the net amounts of all purchases regardless of VAT code.

Box 9

This box shows the net amounts of purchases made using EC Purchase VAT codes.

All calculations used to work out how much VAT you must pay (or reclaim), have the notional EC Purchase VAT amounts cancelling each other out.