VAT Help. Self Employed

kerryjerry · 2016-11-01 11:41:13

Hi, I'm just trying to do most of my VAT returns as I can't afford for the accountant do do everything. From using the Big Red Cloud. Just using example figures below. BOX T1- 8300 BOX T2- 5500 BOX T3 Net Vat Payable €2800 Is this basically how much VAT is owed.? Just want to see if I have done each step right.

01-11-2016 12:41PM

#1

kerryjerry

Registered Users, Registered Users 2 Posts: 1 ✭

Join Date: November 2016

Posts: 0

Hi,

I'm just trying to do most of my VAT returns as I can't afford for the accountant do do everything.

From using the Big Red Cloud. Just using example figures below.

BOX T1- 8300
BOX T2- 5500

BOX T3 Net Vat Payable €2800

Is this basically how much VAT is owed.?

Just want to see if I have done each step right.

0

Comments

#2 01-11-2016 03:59PM

relax carry on

Registered Users, Registered Users 2 Posts: 4,182 ✭✭✭

Join Date: November 2011

Posts: 4108

kerryjerry wrote: »

Hi,

I'm just trying to do most of my VAT returns as I can't afford for the accountant do do everything.

From using the Big Red Cloud. Just using example figures below.

BOX T1- 8300
BOX T2- 5500

BOX T3 Net Vat Payable €2800

Is this basically how much VAT is owed.?

Just want to see if I have done each step right.

Looks OK from those figures. T1 is the vat due on your sales. T2 is the vat on your purchases you are offsetting against the sales vat. T3 is the vat due to pay.

0