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Thread: VAT returns

  1. #1
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    VAT returns

    Hi All

    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
    Stephanie

  2. #2
    Silver Member geraldenek's Avatar
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    Hello Stephanie

    You should look at the date on the VAT101 received. That is the date when you are registered and should charge VAT - if you have not done so, you will need to go back and raise new invoices and credit notes for the old invoices.

    It is weird that they will send you a VAT return if you were not registered for that period. So just make sure about that you were not registered back dated.
    Geraldene Kapp
    Professional Tax Help
    www.mytaxhelp.co.za

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