Submitting a VAT return

Hello,

I'm claiming my first VAT return as a VAT registered business, I want to check my method with some of you more experienced users

What reports do you use to collect the data? I currently use the ' Amazon VAT Transactions Report' which seems most appropriate

In that report download, it gives information on refunds too - what do I do about these when submitting a VAT refund? Could i paste all of the sales and refunds and rely on the numbers coming together to cancel out my VAT claim on the refunds?

Many thanks

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Account Setup

Tags:Tax documents, Taxes

2 replies

Seller_mS10UjVYuuGor

10 months ago

In reply to: Seller_AJRkrWzM7LfGZ’s post

You need the advice of an accountant not forum members. While forum members may tell you what they do it is possible they are making a mistake without realising.

For what its worth, I'm experienced in business but find Amazon reports confusing (that's being polite!). I use Xero accounting software and have found that the A2X plugin sorts it all out to tally with disbursements and correctly logs VAT etc in Xero. What I spend on A2X, I more than save in mine or my accountants time. Even so I still use the accountant to prepare and submit quarterly returns, VAT is too important to get wrong. Hope that helps.

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