Create a New VAT Return

To prepare a new VAT Return

1.On the Codejig ERP Main menu, click the VAT module, and then select  VAT Return.

A listing page of the  VAT Return document opens.
 
2.On the listing page, click + Add new.
 
You are taken to a page for filling in your VAT Return. The page consists of the following sections:
 
  • General area
  • Declaration tab
  • Details tab 
3.In the General area, select a VAT office to which you will submit the VAT Return, enter the start date and the end date of the accounting period for which you want to create the VAT Return.
 
4.To fill in your VAT Return, click the Fill button in the General area.   
Note: In Codejig ERP, you cannot fill in the VAT Return manually. The information required to complete the Return is provided automatically and is fetched from the following documents created and posted within the indicated period: Invoice, Purchase Invoice, Debit note, Credit note, Manual transaction.
Also, you cannot edit or update the data provided.
 
5.In the Return/ Declaration section, review and check the following information that has been provided automatically based on your accounting records for the period and company details:
 
  • The company for which you want to create the VAT Return (your company), the company’s code and the date when the VAT Return will be filed to the VAT office.
  • The VAT due on all domestic sales of goods and services by the applicable tax rate for the period covered by the VAT Return. This is referred to as the output VAT for the period.
  • VAT amounts charged on your business purchases, in particular:
    • VAT charged on goods/services purchased abroad.
    • VAT on purchases of construction services and scrap metal that are subject to reverse-change VAT.  This is known as the input VAT for the period.
  • The total VAT amount that is deductible for the period. You can deduct the input VAT on goods and services purchased for your business.  
  • VAT relief amount if you are eligible for VAT relief.
  • Final VAT amount to be paid or refunded. Amount to be refunded is entered with a minus sign.
  • The turnover taxable at the zero VAT rate for which you are eligible for input VAT deduction.
  • The total value of the sales of goods and services to other EU states to VAT-liable buyers.
  • The total price paid for goods and services purchased from other EU countries.
  • The total value of the construction services sold to which the reverse-charge scheme is applicable if your business sells construction services.
  • The total value of construction services purchased that are subject to the reverse-charge mechanism.   


6. In the Return/ Declaration section, specify information about the taxpayer’s contact person.

Note: Taxpayer’s contact details are to be provided manually.
7.In the Return/ Declaration section, check tax administration (office) bank accounts to which payments are to be made. Review bank account details such as a bank which maintains the account, its IBAN number and BIC code. Information for this section is taken from the Tax office directory.  
 
8.In the Details section, check the Output VAT and Input VAT accounts and their balance for the period.
 
9.Click Save when finished.
Note: To be able to save the document, you have to fill in the required fields which are marked with an asterisk (*).
 
For the VAT Return to affect the system, post it. Unposted VAT Returns are considered draft documents, they have no influence on bookkeeping accounts. However, it is unnecessary to post the VAT Return if you use it as a report to be filed to the tax office. The VAT Return can be converted into PDF even if it is unposted.

For information how to post documents, see Post and Unpost Documents.

To view postings the document has made, click the Register button on the listing page next to a table entry representing this document or click the Registers icon on the toolbar on the form page of the document.
 
 
More information   
VAT Return: General Area
VAT Return: Details Tab
VAT Return: Declaration Tab
VAT Office
Posting and Unposting Functionality
Display Data
Delete Data