VAT calculation options overview

Having selected AlphaVAT as your VAT Return calculation method, you will be taken to the VAT calculation options tab.

From here, you will be able to select the type of calculation you need to perform in order to prepare your entity’s VAT Return. The following options are displayed:

• Choose template: The AlphaVAT calculation method allows you to create a template based on your calculation requirements.  Once you have saved a template, it will appear in the drop-down list and can be applied to any entity where the same criteria can be used. The default option is set to None.

• Partial Exemption: This allows you to choose the standard or special methods.

• Other: This allows you to select the Nil Return option for entities where every box on the VAT Return will be zero.

• General: This allows you to include provision for Northern Ireland, International, Reverse charge, Domestic reverse charge and Postponed VAT accounting, in your VAT Return calculation.

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