VAT Return Best Practices
Based on our extensive experience, there are efficient and inefficient ways of compiling a VAT return from source data and its subsequent submission.
We have extensive experience of creating wing to wing VAT return best practices in preparing VAT returns and can assist your business in considering and developing these practices. These practices should cover:
- Different sources of data
- Extraction of data
- Review and adjustment of any incorrect data
- Reconciliations and journals
- Submission and payment/repayment process