Hello,

I am asking, help to fill this form.

Box6.Total value of sales and all other outputs excluding any VAT.

Note:In box 6 show the value excluding VAT of your total outputs (supplies of goods and services).

Are there all expenses of our company, just like goods, wages, hotel bills, car, phone, postage, accountant, etc.:|

Thank you.:)
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box 6: all expenses that are standard rated, reduced rated, zero rated or exempt. Do not include expenses 'outside the scope' of vat like wages, tax etc.
Apart from wages, all of the above you quoted would go in box 6.
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Hiya Edith

Box 6 is for your sales and other income, excluding VAT

Box 7 is for your purchases and other expenses, excluding VAT

Hope that clears things up for you. :)
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Hello,

I am asking, help to fill this form.

Box6.Total value of sales and all other outputs excluding any VAT.

Note:In box 6 show the value excluding VAT of your total outputs (supplies of goods and services).

Are there all expenses of our company, just like goods, wages, hotel bills, car, phone, postage, accountant, etc.:|

Thank you.:)


Your Outputs for Box 6 are all your sales (ie, what you've invoiced). Depending upon your trade, you may have some invoices with VAT on and some invoices with no VAT on, but for Box 6 you just show your total sales less any VAT charged.

Do not include wages or bank interest!!.

Box 6 is used by HMRC for statistical purposes and also to check your Box 1 number.

If you have VAT in Box 1 of ?75 then that means you must have sold ?,000 of goods (ie, ?,000 * 17.5% = ?75 or you can also do ?75 * 47/7 to get back to ?,000)

So if you include wages of say ?0k in Box 6, HMRC will be thinking "where's our VAT? as you're only declaring ?75 of VAT but you're saying you made sales of ?0k!!!".

Also, you mention whether to include hotel bills, fuel, etc. A common error for new VAT registered persons this. OUTPUT VAT is the VAT you charge your customers as the goods go OUT the door, so your customer pays this and you pay over to HMRC.

Input tax is all your expenditure as a business such as hotel stays, telephones and accountants. Think of it as VAT coming IN to the business which can be reclaimed. The value of all your INPUTS are shown in Box 7 excluding any VAT (again, on the basis that some pruchases may not have VAT on).

NOTE - Box 1 doesn't have to exactly match Box 6, it is just a quick measure to make sure you've not done something crticially wrong.
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Hiya Edith

Box 6 is for your sales and other income, excluding VAT

Box 7 is for your purchases and other expenses, excluding VAT

Hope that clears things up for you. :)
Sometimes, I really should read the question. Sorry! :redface:
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At least it proves you are human Jenni ;) :D
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Your Outputs for Box 6 are all your sales (ie, what you've invoiced). Depending upon your trade, you may have some invoices with VAT on and some invoices with no VAT on, but for Box 6 you just show your total sales less any VAT charged.

Do not include wages or bank interest!!.


Also, you mention whether to include hotel bills, fuel, etc. A common error for new VAT registered persons this. OUTPUT VAT is the VAT you charge your customers as the goods go OUT the door, so your customer pays this and you pay over to HMRC.

Input tax is all your expenditure as a business such as hotel stays, telephones and accountants. Think of it as VAT coming IN to the business which can be reclaimed. The value of all your INPUTS are shown in Box 7 excluding any VAT (again, on the basis that some pruchases may not have VAT on).

NOTE - Box 1 doesn't have to exactly match Box 6, it is just a quick measure to make sure you've not done something crticially wrong.

Hi,

"A common error for new VAT registered persons..........."

I believe this too, but I want to understand.
My business is very-very small yet. I made out some (6-7) invoices. They are zero rate inv. to other EC Member States and outside EU, commission-invoices only.
In this period I have not purchases.
My expenses are 95 % outside UK.
Boxes 1,2,3,4,5 are all column ’none?0.
:|
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Hiya Edith

There is lots of advice regarding VAT >>here<< (http://www.hmrc.gov.uk/vat/index.htm) ..... I presume that you AREN'T employing the services of a Bookkeeper / Accountant? If not, who advised you to register for VAT?
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Hi,

"A common error for new VAT registered persons..........."

I believe this too, but I want to understand.
My business is very-very small yet. I made out some (6-7) invoices. They are zero rate inv. to other EC Member States and outside EU, commission-invoices only.
In this period I have not purchases.
My expenses are 95 % outside UK.
Boxes 1,2,3,4,5 are all column ’none?0.
:|

The common error is that people get confused between outputs and inputs.

If you are VAT registered and you've only made zero rated supplies then:

Box 1 = None
Box 2 = None
Box 3 = None
Box 4 = None (assuming you've not incurred any expenditure with VAT on)
Box 5 = None
Box 6 = The value of the 6/7 invoices you've raised - all zero VAT.
Box 7 = None (assuming you;ve not bought anything to use in business)

It is okay to submit a VAT return with None/Nil if you've got nothing to report.

Can I ask what your business is?.

You state you receive commission from overseas clients - what is that commission for (ie, do you sell insurance, do you bering people together, etc)

If almost everything you do is outside the EU I'd question why you'd need to register for VAT in the first place.
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Hiya Edith

There is lots of advice regarding VAT >>here<< (http://www.hmrc.gov.uk/vat/index.htm) ..... I presume that you AREN'T employing the services of a Bookkeeper / Accountant? If not, who advised you to register for VAT?

Hi,

I am not an accountant certainly, I would not ask here otherwise. The VAT registration did certainly an agent. I would like to understand the process only.
This is a forum here, where allowed to ask . It’s true. :)If somebody is able to help giv answers, who doesn't want doesn't answer.

Thanks though. :)
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The common error is that people get confused between outputs and inputs.

If you are VAT registered and you've only made zero rated supplies then:

Box 1 = None
Box 2 = None
Box 3 = None
Box 4 = None (assuming you've not incurred any expenditure with VAT on)
Box 5 = None
Box 6 = The value of the 6/7 invoices you've raised - all zero VAT.
Box 7 = None (assuming you;ve not bought anything to use in business)

It is okay to submit a VAT return with None/Nil if you've got nothing to report.

Can I ask what your business is?.
Yes

You state you receive commission from overseas clients - what is that commission for (ie, do you sell insurance, do you bering people together, etc)

I know producers/manufacturers and users. As a buying/mercantile agent. I knit contracts for them, I check the quality of the merchandise. I find costumer to sell the idle stock. I am underway in Europe quite a lot.

If almost everything you do is outside the EU I'd question why you'd need to register for VAT in the first place.

... and to other EC Member States.



Hello 3pic
Thank you for your valuable answer.

With an eye to the future I should have one more question.

In the next period if I get from my accountant an VAT-invoice and our office dues will be due then do I must fill box 1 too ?

Thanks:):):)
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The common error is that people get confused between outputs and inputs.

If you are VAT registered and you've only made zero rated supplies then:

Box 1 = None
Box 2 = None
Box 3 = None
Box 4 = None (assuming you've not incurred any expenditure with VAT on)
Box 5 = None
Box 6 = The value of the 6/7 invoices you've raised - all zero VAT.
Box 7 = None (assuming you;ve not bought anything to use in business)

It is okay to submit a VAT return with None/Nil if you've got nothing to report.

Can I ask what your business is?.

You state you receive commission from overseas clients - what is that commission for (ie, do you sell insurance, do you bering people together, etc)

If almost everything you do is outside the EU I'd question why you'd need to register for VAT in the first place.

Hello 3pic,
I made our VAT 100.
I made invoices (zero VAT) and I got non any.

4 to other EC Member States:
348.65
1361.58
516.32
1728.13

5 to NON EC Member States:
1465.12
935.71
1702.63
711.21
1174.48
I wrote into boxes 1,2,3,4,5 none 00.
Box 6 9943.83~ 9944
Box 7 none
Box 8 3954.68~ 3955
Box 9 none
Can you confirm whether does it correct.
Thanks
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