Form : "VAT Return of Trading Details"

vodkasoda

I've just received one of these forms ... I've never seen one before so can only assume that my accountants used to fill them in. Since my company is pretty much dead in the water now & I haven't got any money to pay the accountants to fill in such forms, then I guess it falls onto my shoulders !!!

Is anybody able to explain a couple of things to me ?

Firstly, I have filled in & returned my 4-monthly VAT returns, but they are for Jan-Apr, May-Aug & Sep-Dec, this runs from March-09 to February-10 ... do I just have to recalculate amounts where there are these crossovers (the only work I did was in March 2009, so it won't be much !) ?

Secondly, as I am a computer contractor & just go to work (well, I don't but you know what I mean !!), I don't buy & sell goods, do I just put the one single figure into box P1, "21 & 21.5%" for "Value of Supplies of Goods & Services" ?!?

Finally, do the amounts relate to the actual dates that I worked, the date of the invoice or the date I got paid ?!?

Thanks in advance for any help ...

TaxingTimes

The annual return should tie in with the amounts you have already returned on your VAT forms.

vodkasoda

Thanks for replying, but how can that be ?

My 3 VAT returns per year are for specific periods, the first, second and third 4 months, but this form specifically says "01 Mar 2009 to 28 Feb 2010" ... if I had been working all year then I expect it would all match up, but as I only worked early in the 2009 then the figures don't tie up ... I don't understand !!!

DoMyBooks

vodkasoda wrote: »

Thanks for replying, but how can that be ?

My 3 VAT returns per year are for specific periods, the first, second and third 4 months, but this form specifically says "01 Mar 2009 to 28 Feb 2010" ... if I had been working all year then I expect it would all match up, but as I only worked early in the 2009 then the figures don't tie up ... I don't understand !!!

If the form says 01 May 09 to 28 Feb 10 then you collect the totals from your VAT returns over this period. Add them up and fill in the return of trading details.

AugustusMinimus

Vodka, just remember that its the net amount of purchases you put on the return of trading details, not the VAT itself.

IE:

Gross €113.50
VAT €13.50
Net €100.00

Hence, you'd have entered the 13.50 on a sale invoice as part of your usually bimonthly VAT3 but its the total of net amounts which go on you Annual Return of Trading Details.

vodkasoda

Thanks for all your replies, I'll try and get this done today, so I'll probably be back with more questions :(:rolleyes: