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
- Prepare for Making Tax Digital (MTD) for VAT in FreeAgent
- Set up the Making Tax Digital (MTD) for VAT connection in FreeAgent
- Reconnect to HMRC for Making Tax Digital (MTD) for VAT
- Enter your initial VAT settings in FreeAgent
Registering & de-registering your business for VAT
- Update your details when you receive your VAT registration number
- 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
- Claim VAT back on purchases made before you were VAT-registered
- Create the journal entries required after you de-register your business for VAT
- Update your VAT settings when you de-register your business for VAT
Editing VAT figures and settings
- Review a VAT return
- Edit your VAT return details
- Make corrections in a VAT locked period
- Make corrections in a previous VAT registration period
- Adjust boxes 1 and 4 of your VAT return
- 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
- Record the sale of goods to the EU before 1st January 2021
- Record the sale of services to the EU before 1st January 2021
- Record the purchase of goods from the EU before 1st January 2021
- Record the purchase of services from the EU before 1st January 2021
- VAT MOSS in FreeAgent
- Create an EC Sales List (ESL)