vat returen

meibaker

in vat return,box 6, do i need to deduct the sales credit note or not? and also what's the different between box 8 and box 9? is acquisition means buying ? please help. thanks

AK002

Off the top of my head sales credits should be deducted from sales, and difference between box 8 and 9, one is for EU sales and one is for EU purchases IIRC, can't say for certain as i don't have a return in front of me!

Maybe someone else will confirm..

meibaker

thanks for that,but i did exactly the same deduct the credit note , but the answer is wrong, answer on the box didn't deduct the credit note, now, i am confused.

AK002

I see, does it add it on to purchases by any chance?

meibaker

i am also doing a vat control account for the oct- dec
bad debts written off during the year are
£528.75 (invoice due 15 march, goods supplies 14 feb)
£693.21 (invoice due 20 aug, goods supplied 20 july)
invoice totals include vat
but the answer is 78.75(which is the vat from £528.75.why other inovice is not included then) thanks

meibaker

you means in box 4, it did deduct the vat from the credit note, that's why i thought in box 6, it should do the same too, but the answer tells the different.

AK002

That will be becuase you can't claim the VAT back on bad debts until after 6 months, so the first invoice due march is and the other one won't be due to be reclaimed for another 2 months.

meibaker

yes,i see. thanks so much for your help.