Deltek Vantagepoint Help

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Generating a UK VAT Return File and Submitting VAT Data to HMRC

In the Tax File Generation application, you can electronically submit VAT data from Vantagepoint to HM Revenue and Customs (HMRC), the UK tax authorities, and complete other interactions with HMRC that are related to the tax submissions.

You can complete this process and submit VAT data to HMRC for:

  • A single company
  • A group of companies with the same VAT registration number, in a single HMRC submission

Prerequisites

The following setup is required before you can generate a VAT return file and submit VAT data to HMRC from Vantagepoint:

  • In Vantagepoint, complete the following setup for your company. If you track multiple companies in Vantagepoint, complete this setup for each company that requires a VAT submission:
    • On the Tax Reporting tab in Settings > Cash Management > Tax Codes, set up the appropriate VAT box numbers in the Tax Report Mapping grid.
    • In Settings > Cash Management > Options, enter the tax registration number for your company in the Tax Auditing Features section.
  • At the HMRC web site, obtain authorization for Vantagepoint to interact with HMRC.

Overview of the Process in Vantagepoint

  1. Generate the VAT return file for a company for the intended reporting period.

    This file contains tax data that you will submit to HMRC, based on transactions entered in Vantagepoint.

  2. Obtain the following VAT submission information from HMRC:
    • The VAT data for reporting periods that you previously submitted to HMRC, which have a Final status in Vantagepoint.
    • The VAT reporting periods for which you have not yet submitted data to HMRC, which have an Open status in Vantagepoint.
  3. Submit VAT data from Vantagepoint to HMRC for an open reporting period.

    The VAT data that was generated in step 1 is transmitted from Vantagepoint to HMRC.