ivorystraws
Registered User
- Messages
- 480
Hi,
I would just like to get some opinions on the methods and tools business admin use for dealing with VAT returns. For example, I simply save all VAT incurred purchase receipts which are related to my business and file them in a folder according to date, before I make my return at the end of each VAT period. I also have a generic check listing of my usual VAT incurred payments for each VAT period so as to ensure I always collect and submit them specific receipts. It's not at all complicated at the moment but I anticipate it to get more labour intensive as the business grows.
Does anyone use any specific VAT software and if so, how advantageous are they? Does freely available software such as Payback payroll software or quickpay3 have any such VAT related functions?
Thanks.
I would just like to get some opinions on the methods and tools business admin use for dealing with VAT returns. For example, I simply save all VAT incurred purchase receipts which are related to my business and file them in a folder according to date, before I make my return at the end of each VAT period. I also have a generic check listing of my usual VAT incurred payments for each VAT period so as to ensure I always collect and submit them specific receipts. It's not at all complicated at the moment but I anticipate it to get more labour intensive as the business grows.
Does anyone use any specific VAT software and if so, how advantageous are they? Does freely available software such as Payback payroll software or quickpay3 have any such VAT related functions?
Thanks.