VAT Return, VAT Return – Cash reports

The VAT Return report shown below is created from the transactions used in the Reporting EC purchasesexample.



A	Description 2	The notional amount generated by the purchase made using the EC Purchase VAT code.
B	Description 4	The notional amount generated by the purchase made using the EC Purchase VAT code, and the amount paid to the UK supplier on the non-EC VAT code.
C	Description 5	Description 5 = Description 3 less Description 4. Description 3 and Description 4 include the notional VAT amount from the EC Purchase transaction and cancel each other out leaving just actual VAT payable.
D	Description 7	The net amounts of all purchases regardless of VAT code.
E	Description 9	The net amounts of purchases made using EC Purchase VAT codes, in this case, the single purchase for £200.