- Original Poster
- #1
Hi all
I am claiming the VAT quaterly refund. Usually what I learned is in Sage, just need to click VAT screen and done.This is not the case here at my place.
Because of previously messed by someone who already left, my purchase total is bigger than sales total. Due to the nature of the business our sales VAT is (0) and she used T9 a lot than T0 for sales invoices.
So I tried to do differences between day book purchase invoices detail and day book sales invoices detail.
After I submitted, I realised I missed out some purchases paid by company credit card are still sitting in VAT purchase a/c Nomonal Code 2201.
Basically I have underclaimed the VAT for this quarter. Can I claim back in next quarter for the remaining amount. It is about £900 only. But still money is money.
Could anyone advise me please?
Thanks in advance.
Atta
I am claiming the VAT quaterly refund. Usually what I learned is in Sage, just need to click VAT screen and done.This is not the case here at my place.
Because of previously messed by someone who already left, my purchase total is bigger than sales total. Due to the nature of the business our sales VAT is (0) and she used T9 a lot than T0 for sales invoices.
So I tried to do differences between day book purchase invoices detail and day book sales invoices detail.
After I submitted, I realised I missed out some purchases paid by company credit card are still sitting in VAT purchase a/c Nomonal Code 2201.
Basically I have underclaimed the VAT for this quarter. Can I claim back in next quarter for the remaining amount. It is about £900 only. But still money is money.
Could anyone advise me please?
Thanks in advance.
Atta
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