How your Cash Accounting VAT Return is Calculated

The VAT Cash Accounting scheme calculates your VAT Return automatically using the following system:

Output taxes are calculated from:

Sales receipts and payments on account.

Bank receipts.

Journal credits.

Cash receipts.

Credit card receipts.

Input taxes are calculated from:

Purchase payments and payments on account.

Bank payments.

Journal debits.

Cash payments.

Credit card payments.

Related Topics

How your VAT Return is Calculated

How your Standard VAT Return is Calculated

Running the VAT Cash Accounting Scheme

Producing your VAT Return

Analysing the VAT Totals

Printing the VAT Return Reports

Checking your VAT Return

Reconciling your VAT Transactions

Clearing your VAT Control Accounts

Submitting your VAT Return to the Tax Authorities

Your VAT Return Checklist

The Financials Window