VAT and Making Tax Digital (MTD)
Everything you need to know about filing MTD-compatible VAT returns through FreeAgent.
Essentials
- Add VAT to historical invoices
- How the VAT accounts work in FreeAgent
- How to prepare for Making Tax Digital (MTD) for VAT in FreeAgent
- Set up the Making Tax Digital (MTD) for VAT connection in FreeAgent
- How to reconnect to HMRC for Making Tax Digital (MTD) for VAT
- How to enter your initial VAT settings in FreeAgent
Registering & de-registering your business for VAT
- How to update your details when you receive your VAT registration number
- How to update your VAT registration settings when you re-register your business for VAT
- What to do while waiting for your VAT registration number to be issued
- How to claim VAT back on purchases made before you were VAT-registered
- How to create the journal entries required after you de-register your business for VAT
- How to update your VAT settings when you de-register your business for VAT
Editing VAT figures and settings
- How to review a VAT return
- How to edit your VAT return details
- How to make corrections in a VAT locked period
- How to make corrections in a previous VAT registration period
- How to adjust boxes 1 and 4 of your VAT return
- How to adjust boxes 6 to 9 of your VAT return
Submitting MTD VAT returns
Sales and purchases outside the UK after 1st January 2021
Sales and purchases to and from the EU
- How to record the sale of goods to the EU before 1st January 2021
- How to record the sale of services to the EU before 1st January 2021
- How to record the purchase of goods from the EU before 1st January 2021
- How to record the purchase of services from the EU before 1st January 2021
- How FreeAgent handles VAT MOSS
- How to create an EC Sales List (ESL)