Help needed completing VAT Return with EC transactions - The Book-keepers Forum (UK)

Ashlea · Newbie

Doing an online course in book-keeping and no matter how many times i read the documents I can not get to grips with boxes 1 to 5 on the VAT return.

Practice assignment is as follows:
credit sales £15500
cash sales £20113
Credit notes to customers £106
credit purchases £6205
cash purchases £2147
credit notes from suppliers £64
Petty cash ( expenses paid - standard rate) £210

In addition to the above, the following transactions were made with other EC countries:
sales to EC VAT registered customers £5500
sales to EC non VAT registered customers £1200
purchases from EC VAT registered customers £880

(note that all EC purchases were charged at the EC zero rate)

Any help to get my head round the EC section is much appreciated.

Cheshire · Master Book-keeper

Hi Ashlea
Can I make a couple of suggestions:-

1) have a read of the VAT Guide - how to fill in your VAT return. Here is a link to the form

http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageLibrary_PublicNoticesAndInfoSheets&propertyType=document&columns=1&id=HMCE_CL_000070

THEN

2) Maybe have a go at answering it based on the info you have provided and post it here - you will probably then get some feedback.

Ive noticed from previous posts that members dont wish to do the whole of your 'homework' question but will certainly point you in the right direction if you have had a go - even if its then wildly wrong!

Ashlea · Newbie

Hi Cheshire, thank you,

I have read through the guide as well as my course literature and although I still found it head battering, I managed to come up with the following answers.

Box 1: 7341.40
Box 2: 176.00
Box 3: 7517.40
Box 4: 1875.60
Box 5: 5641.80

Box 6: 42207.00
Box 7: 9378.00
Box 8: 6700.00
Box 9: 880.00

I'm not after the answers just a little guidance as to where i maybe going wrong.