VT users in EU member states can also use the process described in Purchases of goods from the EU to Northern Ireland to account for acquisitions VAT on purchases of goods from other EU member states.
Make sure that the following boxes are ticked in the VAT setup (Set Up>VAT):
•VAT registered
•Business is situated in Northern Ireland or EU
The VAT return in VT Transaction+ should not be used for any countries other than the United Kingdom. If you are a business in the EU, you may find however, that some of the values in the boxes of the VAT return in VT Transaction+ can be used for a VAT/sales tax return of another country:
Box 1 |
VAT due on sales |
Box 2 |
VAT due on acquisitions |
Box 3 |
Total VAT due |
Box 4 |
VAT reclaimable on purchases |
Box 5 |
Net VAT due |
Box 6 |
Total sales ex VAT |
Box 7 |
Total purchases ex VAT |
Box 8 |
Total dispatches ex VAT between EU member states |
Box 9 |
Total acquisitions ex VAT between EU member states |
