This article details the VAT actions and how to do them within Insight Legal.
You need to ensure that you are registered with HMRC for Making Tax Digital and that you have permitted Insight Legal to interact with HMRC on your behalf You also need to ensure that your VAT registration number is stored in your Insight System Settings. Confirmation of registration with HMRC can take up to 72 hours from the time of application. |
Add your VAT Registration Number
- Go to System, and select Settings
- Click on VAT Settings
- Enter your VAT Reg No (Registration Number)
- Click Save
Submit your VAT Return
- Navigate to Reporting > VAT
- Select MTD VAT Return from the dropdown box
- Sign in to HMRC
- Click Continue
- Click Grant authority
- Make any adjustments on the right-hand screen, and then click Submit Return
Post your VAT Payment
- Go to Accounts > VAT
- Enter the following details:
- Date
- Reference
- Description
- Branch
- Bank
- Amount
- Debit/Credit
Credit will only ever be used for a VAT refund |
- Click 'Post