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January 1, 2023
Question

Net Vat Payments under Other Business Expenses on Selff Assesment

  • January 1, 2023
  • 1 reply
  • 0 views

Hello

 

I need a little clarification regarding my self assesment tax return and VAT

 

On the form is states that Net VAT Payments can be claimed under Other Business Expenses.

 

What are Net VAT Payments?  Are these the payments that I make to HMRC on my quarterly VAT return?

1 reply

JoesemM
January 1, 2023

Hi there, @Feelwells.

 

Let me route you to the right support that can explain the Net VAT Payments in your self assesment tax return.

 

You'll have to contact the HMRC or accountant about the Net VAT Payments in your self assesment tax return. They can further explain the form and categories to help you record the tax return and VAT.

 

Also, I'll be sharing these articles that will help you in filing your taxes in QuickBooks:

 

 

Feel free to visit us again should you need help with anything else. Take care!