Overview of the VAT Return Process

There are two methods of completing a VAT return in IRIS Financials.

• Individual - Process a VAT return for each location using the VAT return wizard. This process must be completed for each location in turn.
• Consolidated - Process the VAT return for all locations at once using the consolidated VAT return. The VAT return documents will need to be authorised using this method.

If you are unfamiliar with the VAT return process in IRIS Financials, we recommend you read all applicable articles before attempting the VAT return.

If you are registered for Making Tax Digital, to get started, go to Using Making Tax Digital. Please ensure you submit your VAT claim using MTD (if applicable) before posting your VAT return document in IRIS Financials. If you post your VAT Transfer document in IRIS Financials before submitting your MTD claim, no information will pull through.

These articles are only to be used as guidance on the VAT return process within IRIS Financials. If you require any advice on VAT related issues or VAT advice in general, please seek assistance from your own financial advisors.

VAT Return Process:

Please click the applicable link for information about each stage of the VAT return process:

• Preparing a VAT Return
• Managing VAT on Register Documents
• Reconciliation with the VAT 126 Report or Reconciliation with the VAT 100 Report (Select as applicable)
• Processing the VAT Return Using the Consolidated VAT Return Rule or Processing the VAT Return Using a Manual VAT Transfer Document (Select as applicable)
• Processing a VAT Reimbursement