The VAT Returns feature allows you to generate and submit the VAT returns for a certain period. When the VAT value is generated, the feature also generates other useful information which will be described in this topic.
- Log in to Surf Accounts. The Business page appears.
- On the Business page, locate the required business by completing either of the following steps.
- In the Search box on the top right corner, enter the name of the business fully or partially and click
. The business summary will appear under the Select a Business heading. - The business summary is available under the Select a Business heading. If you cannot find it, at the bottom-right corner of the page, click 100 to increase the number of records to be displayed on the page. The business summary will be available under the Select a Business heading.
- In the Search box on the top right corner, enter the name of the business fully or partially and click
- Under the Select a Business heading, click the name of the business.
- The Customers page appears. On the Customers page, from the left panel, click General Ledger > VAT Returns.
- The VAT Return page appears. On the VAT Return page, click [Add].
- The New VAT Return window appears. On the New VAT Return window, click [OK].
- The VAT returns and other values are generated, as shown below.
- You have the following options:
- To view the data in the form of a report, click Print. The data appears on the VAT Return report.
- To save the data and view later, click Save.
- To submit the returns, select Closed and click Save.
| FIELD | STEP |
|---|---|
| VAT due this period on sales and other outputs (Box 1) | The total VAT payable until this period. The VAT is derived by adding the VAT figures of all sales invoices. |
| VAT due this period on acquisitions from other EC member states (Box 2) | The total VAT derived from purchase invoices raised on purchases from non-UK EU members. For example, if a purchase invoice is paid by a UK Business for a supplier based in Spain, the VAT amount is accounted in this column. |
| Total VAT due(the sum of boxes 1 and 2) (Box 3) | Total of values in Box 2 and 3. |
| VAT reclaimed in this period on purchases and other inputs(including acquisitions from the EU) (Box 4) | The total VAT derived from all purchase invoices VAT values. |
| Net VAT to be paid to Customers or reclaimed (difference between Box 3 and Box 4) (Box 5) | The difference between box 4 and 3. |
| Total value of sales and other outputs excluding any VAT(include Box 8 figure) (Box 6) | The total value of all sales invoices until the selected period excluding VAT. |
| Total value of purchases and other inputs excluding any VAT(include Box 9 figure) (Box 7) | The total value of all purchase invoices until the selected period excluding VAT. |
| Total value of supplies of goods Goods excluding any VAT to other EC Member States (Box 8) | The total value of all purchase invoices excluding VAT from a UK Business to other non-UK, EU members. |
| Total value of acquisitions of goods Goods excluding any VAT to other EC Member States (Box 9) | The total value of all goods acquired through purchase invoices from non-UK, EU members and sold through sales invoices to other non-UK, EU members. |
| Total value of supplies of related services Services excluding any VAT to other EC Member States (Box 10) | The total value of all purchase invoices showing services excluding VAT from a UK Business to other non-UK, EU members. |
| Total value of acquisitions of related services Services excluding any VAT to other EC Member States (Box 11) | The total value of all services acquired through purchase invoices from non-UK, EU members and sold through sales invoices to other non-UK, EU members. |