In this guide, we show How to Complete the VAT Reporting Process in the MAT Finance Module.
Access: The minimum permissions required to Complete the VAT Reporting Process are found in the MAT Finance Module section of Config > Setup > Roles & Permissions.
To begin, from the left Menu, go to Reports > Finance > VAT Reporting.
This displays a table of all VAT Reports in the system.
To add a new VAT Report, click Create.
A pop up box will appear.
VAT Reconciliation Report
Check that the correct VAT Period is selected and then select the VAT Reconciliation Report.
To print the Report, select Load.
This opens a new tab to be able to Preview the Report. Click Preview. This will open the Report for checking and printing.
VAT Submittal, VAT 126 or VAT 100 (Making Tax Digital)
Select either VAT Submittal, VAT 126 or VAT 100 (Making Tax Digital), depending on which Report the Trust submits.
Run all the required Reports. Once happy that the information is correct, the VAT Report is ready to submit. Return to the VAT Reports tab.
VAT Submittal or VAT 126
If submitting a VAT Submittal or VAT 126 Report, select VAT Submittal or VAT 126, depending on which Report the Trust submits, and click Confirm. For example:
If happy, click Yes.
This opens another page where the VAT Submittal Summary can be Previewed and Printed for uploading.
VAT 100 (Making Tax Digital)
If submitting VAT 100 (MTD), click Create.
Select VAT 100 (MTD). The Period changes to the earliest possible period for VAT 100 (MTD). Click Confirm.
Note: The screenshot below shows Period 2 as it was taken from a Bromcom test system where VAT 100 (MTD) is not submitted.
Check the criteria in the Confirmation pop up and if happy click Yes.
The VAT 100 (MTD) Report is shown in the table with a Confirmed Date.
To Submit the VAT 100 (MTD) Report, double click on the line of the Confirmed VAT 100 (MTD) Report. In the pop up, select VAT 100 Reprint (MTD) and click Submit.
A pop up of the VAT 100 (MTD) Report is displayed. Click Send.
Check the criteria in the Confirmation pop up and if happy click Send.
The VAT 100 (MTD) Report is shown in the table with a Submit Date.
Note: Government Gateway Credentials may need to be Authenticated in Global Configuration. See: How to Configure Global Configuration in MAT Finance.