Tax Return Settings - United Kingdom VAT Return

This article covers how to set and edit the setting in your VAT tax return plug-in. 

To view/edit your VAT tax return settings go to Admin >Accounting > Accounting Preferences > scroll all the way to the bottom and click on Manage Sales Tax Calculator settings (blue box). 

Then click on the installed tax return plug-in as below. 

If you do not see a tax return plug-in on this screen please raise a support ticket.

You will then be presented with some settings:- 

VAT Taxable Period

If you are unsure which option to select please obtain advice from your tax accountant. For further information please see the HM Revenue & Customs website here: 

Business tax: VAT - detailed information - GOV.UK (www.gov.uk)

VAT Accounting Basis

If you are unsure which option to select please obtain advice from your tax accountant. For further information please see the HM Revenue & Customs website here: 

VAT - Cash accounting Scheme

VAT Payment/Refund Allocation

If you are unsure which option to select please obtain advice from your tax accountant. 

Journal Transaction Date

If you are unsure which option to select please obtain advice from your tax accountant. 

Making TAX Digital API

You have the ability to set up the Tax Digital API which means you can lodge your VAT Return through Actionstep. 

Further instructions on how to set this up are in the menu to the left. 

For further information about Tax Digital please see the HM Revenue & Customs website here: 

Making Tax Digital

Once you have confirmed your changes hit the Save button.