I have a CC that was registered for VAT from March 2011. We had sales and expenses that we did not charge VAT and expenses we did not claim when we set up the books on Pastel as we firstly did not have our VAT number.
I entered the SALES in PASTEL as SALES: NON VATABLE for the first 2 periods as we did not charge any vat.
What I would like to know is do I send in my VAT returns and show the sales as ZERO rated and expenses NIL for the first 2 periods?
Hope you can help me with this one.
Thanks in advance