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The VAT return

The nine boxes of the UK VAT return: what goes in each one, how to work the figures out from the books, and who pays whom at the end.

Premium5 rooms41 questions45 min

This path is practice in how the records and the sums work. It is not tax advice. Any rate or allowance in a question is an example for that question, so check GOV.UK for the current figures.

See the first roomWhat each box of the VAT return means

Rooms in this module

  1. What each box of the VAT return means7 min, easyPremium
  2. How to work out box 1 and box 49 min, mediumPremium
  3. Net VAT: pay or reclaim8 min, mediumPremium
  4. Sales and purchases totals: boxes 6 and 79 min, mediumPremium
  5. A whole VAT return from the books12 min, hardPremium

How this works

Each room answers one problem. A task is a few lines of reading, then questions you answer in the books: post to an account, type a figure, sort, match or write a journal. Every answer is marked at once, with the rule behind it. There are no videos.

Words in this module

VAT return
A VAT return is a summary of one VAT period: the VAT due on sales, the VAT reclaimed on purchases and the difference.

Questions

How many rooms and questions are in The VAT return?

5 rooms and 41 questions. Every question is marked at once.

How long does it take?

About 45 minutes in all. A room takes 7 to 12 minutes, so you can do one at a time.

Is it free?

No. These rooms need Premium. Each room shows the start of its first task before you pay.

What should I do first?

VAT in the books. It is the module before this one in VAT in practice.