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Vat Return wit Bad Debt Relief

scooby27scooby27 Settling In NicelyRegistered Posts: 17
Hi,

I have the following details for the task on completing the Vat Return..

Could you advise how to treat the BAD DEBT RELIEF?

Would you please also confirm if I have completed the Vat Return correctly? - please see the attached file.


TASK:

Sales Day Book Totals
Quarter ended 31 December 2003:

Oct 03 Nov 03 Dec 03 TOTAL:
UK Sales: Standard Rated 420,150 454,240 502,400 1,376,790
EU Sales: Zero Rated 17,850 27,760 27,600 73,210

Total 438,000 482,000 530,000 1,450,000

VAT on UK Sales: 73,526 79,492 87,920 240,938



Purchases Day Book Totals
Quarter ended 31 December 2003:

Oct 03 Nov 03 Dec 03 TOTAL
Purchases / Expenses 275,820 286,600 304,400 866,820

VAT on Purchases/Expenses: 48,269 50,155 53,270 151,694



**A debt of £940, inclusive of VAT was written off as bad in December 2003. The related sale was made in January 2003. Bad debt relief is now to be claimed.
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