Generating a United Kingdom VAT100 Tax Report

To generate a United Kingdom VAT100 Tax Report:

1. Go to Reports > VAT/GST > Tax Reports (International).

2. On the Tax Reports page, select the United Kingdom VAT registered subsidiary.

   Note:

   The dropdown list shows only the subsidiaries that your role has access to.

3. In the Country Form field, select United Kingdom.

4. Check the Group box to view a consolidated report that includes child subsidiaries. Consolidated reporting is used if the company and its child subsidiaries are registered as a single tax entity for VAT purposes (VAT group).

5. In the Tax Period page, select a month or a quarter.

   You can create and manage your tax reporting periods at Setup > Accounting > Taxes > Manage Tax Periods (Administrator). Tax periods are usually different from accounting periods. For example, your internal financial reporting (accounting period) is monthly but your tax reporting is quarterly.

   In NetSuite, the tax period for a transaction is automatically determined by the date of the transaction.

6. Click Refresh to view the report for the selected tax period. Make sure that you click Refresh each time you change the subsidiary or tax period on the tax form so that the correct values are displayed.

7. Carefully review the values displayed in the report. See Viewing VAT Report Transaction Details.

8. Click one of the following options:

   • Submit Online – to submit the VAT100 form directly to HMRC. For more information, see Submitting a VAT100 Tax Return Online.

   • Print – to print or save a PDF version of the report for your own records.

   • Adjust Return – to adjust the tax amount of any box on the form. For information, see Making Adjustments on a VAT Return.

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