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VAT Schedule

  • 21-06-2018 10:57am
    #1
    ash1511
    Registered Users, Registered Users 2 Posts: 191 ✭✭


    Hi,

    We've received a VAT repayment claim check letter from Revenue and they asking us to forward the vat schedule for the sales and purchases. Can anyone here please help us in understanding what that means? Purchases are from an Irish company and sales are to a UK company

    Thanks!


Comments

  • #2
    Bobby1984
    Registered Users, Registered Users 2 Posts: 269 ✭✭Bobby1984


    They want a list of all your purchases and sales for the period which shows net, vat and gross amounts. They will then review and select some invoices that you will have to send to them so that they can verify that the return is correct before they will issue your vat refund.


  • #3
    ash1511
    Registered Users, Registered Users 2 Posts: 191 ✭✭ash1511


    Bobby1984 wrote: »
    They want a list of all your purchases and sales for the period which shows net, vat and gross amounts. They will then review and select some invoices that you will have to send to them so that they can verify that the return is correct before they will issue your vat refund.

    Thanks Bobby1984. I just have 4 invoices for that period - 2 each, for sales and purchases. Easier if I just send them those? I'm not an accountant so wouldn't be able to create a file with all the amounts.


  • #4
    Bobby1984
    Registered Users, Registered Users 2 Posts: 269 ✭✭Bobby1984


    There is not much work to it if there are only 4 invoices. Type two lists into Excel with a column for date, invoice number, supplier/customer, net, vat and gross. If there are UK sales they will want to ensure that you are operating the correct procedures as to whether you are charging vat or zero rating based on Intra EU vat rules.


  • #5
    ash1511
    Registered Users, Registered Users 2 Posts: 191 ✭✭ash1511


    Bobby1984 wrote: »
    There is not much work to it if there are only 4 invoices. Type two lists into Excel with a column for date, invoice number, supplier/customer, net, vat and gross. If there are UK sales they will want to ensure that you are operating the correct procedures as to whether you are charging vat or zero rating based on Intra EU vat rules.

    Thanks. So I did that. I read somewhere that the third tab on the excel should show the VAT return. In this we have two main headings - VAT and Trading with other EU countries. I can fill up the VAT return column but not sure what goes under the second heading. Do I need to fill in the gross amount against ES1?

    Trading with Other EU Countries

    Total goods to other EU Countries E1

    Total services to other EU Countries ES1

    Total goods from other EU countries E2

    Total services from other EU Countries ES2

    Any ideas?

    Thanks


  • #6
    TitianGerm
    Registered Users, Registered Users 2 Posts: 28,704 ✭✭✭✭TitianGerm


    ash1511 wrote: »
    Thanks. So I did that. I read somewhere that the third tab on the excel should show the VAT return. In this we have two main headings - VAT and Trading with other EU countries. I can fill up the VAT return column but not sure what goes under the second heading. Do I need to fill in the gross amount against ES1?

    Trading with Other EU Countries

    Total goods to other EU Countries E1

    Total services to other EU Countries ES1

    Total goods from other EU countries E2

    Total services from other EU Countries ES2

    Any ideas?

    Thanks

    If you want to PM me your email address and send me a scanned copy of your invoices I'll do you a template Excel and fill in this periods transactions.

    It'll be tomorrow though if that's ok?


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  • #7
    ash1511
    Registered Users, Registered Users 2 Posts: 191 ✭✭ash1511


    TitianGerm wrote: »
    If you want to PM me your email address and send me a scanned copy of your invoices I'll do you a template Excel and fill in this periods transactions.

    It'll be tomorrow though if that's ok?

    Thanks! Guess I wouldn't need that for the time being. However, I will get back to you in case the authorities come looking for one. Thanks again!


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