ID |
Diagnostic |
Explanation |
1 |
Any
figures in box 8 must also be included in box 6. Therefore,
box 8 should not be greater than box 6. |
Review
EU supplies manual adjustments made, they should also
be included in the output VAT net manual adjustment as
well. |
2 |
Any
figures in box 9 must also be included in box 7. Therefore,
box 9 should not be greater than box 7. |
Review
EU acquisitions Net manual adjustments made, they should
also be included in the input VAT net manual adjustment
as well. |
3 |
Output
VAT transactions have been flagged as blocked, these transactions
will be excluded from the calculation. |
Blocked
transactions relates to the rules of recovery on input
VAT in box 4 only, and therefore this treatment is not
applicable to outputs. Review the transactions marked
as blocked and ensure that no outputs are included. |
4 |
Box
1 should not normally exceed 20% of box 6. |
VAT
due on sales and other outputs should normally not exceed
20% of the total value of sales and all other outputs.
However in certain circumstances it can, for example,
when correcting a VAT amount from a prior period. Review
the reports and any manual adjustments entered to confirm
treatment. |
5 |
Box
4 should not normally exceed 20% of box 7. |
It
is possible that Box 4 may be more than 20% Box 7, as
some input tax adjustments do not have a corresponding
entry in Box 7, however this is reasonably uncommon
and therefore we would suggest reviewing these entries.
|
6 |
Box
2 should normally be 20% of box 9. |
The
VAT accounting treatment for acquisitions requires that
output VAT is self-accounted for in box 2, and the net
value of the supply is also included in box 9. These boxes
are used for acquisitions only, and as such, the entry
in box 2 should not normally exceed 20% of box 9. Review
the reports and any manual adjustments entered to confirm
treatment. |
