VAT Payments

VAT payments and reclaims can now be recorded in Zoho Books as soon as you file your VAT returns.

Recording VAT Payment and VAT Reclaim

The complete VAT return report generated from VAT return module under Reports > Taxes will be helpful during your VAT return filing. The report will be in accordance with your VAT accounting period and the transactions recorded in Zoho Books. Once you file your VAT return to HMRC, you can mark the generated VAT return report as filed. After you’ve paid the VAT amount to the HMRC, record the VAT paid in Zoho Books. Also record the VAT amount reclaimed from HMRC.

VAT Payment Dues

To Record VAT Payment

VAT Payment

To Record VAT Reclaim

VAT Reclaim

All the VAT Payments or Reclaims that you record will be displayed in the Payment History. You can delete/edit your records in the payments history tab to record it again with modifications if any.

VAT Payment History

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