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K
Kdurks
January 9, 2021
Question

VAT return

  • January 9, 2021
  • 1 reply
  • 0 views

I've just done the VAT return but it doesnt show any sales in box 6. The sales don't attract VAT but shouldnt the net sales still go in this box?

Previously our sales incured VAT so I'm not used to all sales being zero VAT.

I know we don't owe any VAT but thought quickbooks would still draw sales into box 6?

1 reply

G
GlinetteC
January 10, 2021

Hello there, Kdurks. 

 

Transactions are reported to the different boxes on the VAT return depending on the tax codes that are assigned to them. Some of the most common codes that are reported under Box 6 are Exempt and Zero rate VAT.

 

On the other hand, outside the Scope of VA, some goods and services are outside the scope of VAT and are not reported on the VAT return. You can check this article about the list of codes and how they're reported on the return: Common VAT Codes.

 

Feel free to leave a reply if you need anything else. Take care!

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