All of the above details are extracted from the Transactions recorded on the system. The follow the steps below to complete a VAT 126 claim efficiently:<\/p>\n\n\n\n
1. Starting a Claim<\/strong><\/h3>\n\n\n\n\n- Navigate to the Processes<\/strong> drop-down menu and select Generate VAT 126 Return<\/strong>.<\/li>\n\n\n\n
- A screen will appear prompting you to enter the date for the claim. Enter the date and click Show Details<\/strong>.<\/li>\n<\/ul>\n\n\n\n
![\"\"](\"https:\/\/documentation.easypcaccounts.co.uk\/wp-content\/uploads\/2021\/04\/VAT126-Claim-1024x181.jpg\")
<\/figure>\n\n\n\n2. Reviewing and Validating Transactions<\/strong><\/h3>\n\n\n\nThe system will identify all invoices with non-zero VAT dated up to and including the specified date. <\/p>\n\n\n\n
If any errors are identified below, these should normally be resolved within the system before proceeding<\/strong> so that the claim accurately reflects the underlying transactions.<\/p>\n\n\n\nThe Ignore errors<\/strong> checkbox should only be used in exceptional circumstances where you are satisfied that the claim is correct and the discrepancy has been independently verified.<\/p>\n\n\n\nIt will also verify whether:<\/p>\n\n\n\n
\n- The supplier has a valid VAT number recorded in the system.<\/li>\n\n\n\n
- There is an invoice date associated with the transaction.<\/li>\n<\/ul>\n\n\n\n
If any issues are detected (e.g., missing VAT numbers), the problematic transactions will be highlighted in red.<\/p>\n\n\n\n
\n- Click the red highlight to open the Supplier<\/strong> screen and update the VAT number or correct other details.<\/li>\n<\/ul>\n\n\n\n
![\"\"](\"https:\/\/documentation.easypcaccounts.co.uk\/wp-content\/uploads\/2021\/04\/VAT-Claim-corrected-1024x186.jpg\")
<\/figure>\n\n\n\n3. Correcting Errors and Generating the Report<\/strong><\/h3>\n\n\n\nAfter resolving all errors, two options will become available:<\/p>\n\n\n\n
\n- Print Draft Report<\/strong>: Generates a draft version of the report for review. This report should not<\/strong> be submitted to HMRC but can be used for internal checks.<\/li>\n\n\n\n
- Save Claim<\/strong>: Finalises the claim, marks the included transactions as claimed, and prevents VAT from being claimed again on the same payments.<\/li>\n<\/ul>\n\n\n\n
4. Submitting the Claim<\/strong><\/h3>\n\n\n\nAfter saving the claim, a new screen will appear, allowing you to:<\/p>\n\n\n\n
\n- Print a copy<\/strong> of the claim for submission to HMRC.<\/li>\n\n\n\n
- Export the claim to a spreadsheet, which can be used to generate a PDF or submitted as part of your claim.<\/li>\n\n\n\n
- You will need your unique reference number and HMRC login for the claim. <\/li>\n<\/ul>\n\n\n\n
![\"\"](\"https:\/\/documentation.easypcaccounts.co.uk\/wp-content\/uploads\/2021\/04\/VAT-Claim-ready-to-go-1024x181.jpg\")
<\/figure>\n\n\n\n5. Managing VAT Claims<\/strong><\/h3>\n\n\n\nUse the Manage VAT Claims<\/strong> option under the Administration<\/strong> menu to:
\n\n\n\n\n- View the status of existing claims.<\/li>\n\n\n\n
- Delete a claim if amendments are needed before submission to HMRC.<\/li>\n\n\n\n
6. Recording the VAT Repayment<\/strong><\/h3>\n<\/ul>\n\n\n\nOnce the repayment is received, record it using the Record VAT Receipt<\/strong> option under the Transactions<\/strong> menu.<\/p>\n\n\n\nImportant: When the VAT repayment is received, this must be recorded using the Record VAT Repayment<\/strong> menu and not<\/strong> the Receipt menu.<\/p>\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"
This method is commonly used by councils to reclaim VAT on all non-business purchases. What details do I need to include on VAT Form 126? All of the above details are extracted from the Transactions recorded on the system. The follow the steps below to complete a VAT 126 claim efficiently: 1. Starting a Claim … Continue reading “VAT reclaim using VAT 126 method”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":194,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-197","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/pages\/197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=197"}],"version-history":[{"count":19,"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/pages\/197\/revisions"}],"predecessor-version":[{"id":3710,"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/pages\/197\/revisions\/3710"}],"up":[{"embeddable":true,"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/pages\/194"}],"wp:attachment":[{"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
<\/figure>\n\n\n\n2. Reviewing and Validating Transactions<\/strong><\/h3>\n\n\n\nThe system will identify all invoices with non-zero VAT dated up to and including the specified date. <\/p>\n\n\n\n
If any errors are identified below, these should normally be resolved within the system before proceeding<\/strong> so that the claim accurately reflects the underlying transactions.<\/p>\n\n\n\nThe Ignore errors<\/strong> checkbox should only be used in exceptional circumstances where you are satisfied that the claim is correct and the discrepancy has been independently verified.<\/p>\n\n\n\nIt will also verify whether:<\/p>\n\n\n\n
\n- The supplier has a valid VAT number recorded in the system.<\/li>\n\n\n\n
- There is an invoice date associated with the transaction.<\/li>\n<\/ul>\n\n\n\n
If any issues are detected (e.g., missing VAT numbers), the problematic transactions will be highlighted in red.<\/p>\n\n\n\n
\n- Click the red highlight to open the Supplier<\/strong> screen and update the VAT number or correct other details.<\/li>\n<\/ul>\n\n\n\n
<\/figure>\n\n\n\n3. Correcting Errors and Generating the Report<\/strong><\/h3>\n\n\n\nAfter resolving all errors, two options will become available:<\/p>\n\n\n\n
\n- Print Draft Report<\/strong>: Generates a draft version of the report for review. This report should not<\/strong> be submitted to HMRC but can be used for internal checks.<\/li>\n\n\n\n
- Save Claim<\/strong>: Finalises the claim, marks the included transactions as claimed, and prevents VAT from being claimed again on the same payments.<\/li>\n<\/ul>\n\n\n\n
4. Submitting the Claim<\/strong><\/h3>\n\n\n\nAfter saving the claim, a new screen will appear, allowing you to:<\/p>\n\n\n\n
\n- Print a copy<\/strong> of the claim for submission to HMRC.<\/li>\n\n\n\n
- Export the claim to a spreadsheet, which can be used to generate a PDF or submitted as part of your claim.<\/li>\n\n\n\n
- You will need your unique reference number and HMRC login for the claim. <\/li>\n<\/ul>\n\n\n\n
<\/figure>\n\n\n\n5. Managing VAT Claims<\/strong><\/h3>\n\n\n\nUse the Manage VAT Claims<\/strong> option under the Administration<\/strong> menu to:
\n\n\n\n\n- View the status of existing claims.<\/li>\n\n\n\n
- Delete a claim if amendments are needed before submission to HMRC.<\/li>\n\n\n\n
6. Recording the VAT Repayment<\/strong><\/h3>\n<\/ul>\n\n\n\nOnce the repayment is received, record it using the Record VAT Receipt<\/strong> option under the Transactions<\/strong> menu.<\/p>\n\n\n\nImportant: When the VAT repayment is received, this must be recorded using the Record VAT Repayment<\/strong> menu and not<\/strong> the Receipt menu.<\/p>\n\n\n\n<\/p>\n","protected":false},"excerpt":{"rendered":"
This method is commonly used by councils to reclaim VAT on all non-business purchases. What details do I need to include on VAT Form 126? All of the above details are extracted from the Transactions recorded on the system. The follow the steps below to complete a VAT 126 claim efficiently: 1. Starting a Claim … Continue reading “VAT reclaim using VAT 126 method”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":194,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-197","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/pages\/197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=197"}],"version-history":[{"count":19,"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/pages\/197\/revisions"}],"predecessor-version":[{"id":3710,"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/pages\/197\/revisions\/3710"}],"up":[{"embeddable":true,"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/pages\/194"}],"wp:attachment":[{"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
The Ignore errors<\/strong> checkbox should only be used in exceptional circumstances where you are satisfied that the claim is correct and the discrepancy has been independently verified.<\/p>\n\n\n\n It will also verify whether:<\/p>\n\n\n\n If any issues are detected (e.g., missing VAT numbers), the problematic transactions will be highlighted in red.<\/p>\n\n\n\n After resolving all errors, two options will become available:<\/p>\n\n\n\n After saving the claim, a new screen will appear, allowing you to:<\/p>\n\n\n\n Once the repayment is received, record it using the Record VAT Receipt<\/strong> option under the Transactions<\/strong> menu.<\/p>\n\n\n\n Important: When the VAT repayment is received, this must be recorded using the Record VAT Repayment<\/strong> menu and not<\/strong> the Receipt menu.<\/p>\n\n\n\n <\/p>\n","protected":false},"excerpt":{"rendered":" This method is commonly used by councils to reclaim VAT on all non-business purchases. What details do I need to include on VAT Form 126? All of the above details are extracted from the Transactions recorded on the system. The follow the steps below to complete a VAT 126 claim efficiently: 1. Starting a Claim … Continue reading “VAT reclaim using VAT 126 method”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"parent":194,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-197","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/pages\/197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=197"}],"version-history":[{"count":19,"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/pages\/197\/revisions"}],"predecessor-version":[{"id":3710,"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/pages\/197\/revisions\/3710"}],"up":[{"embeddable":true,"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/pages\/194"}],"wp:attachment":[{"href":"https:\/\/documentation.easypcaccounts.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n
\n
<\/figure>\n\n\n\n3. Correcting Errors and Generating the Report<\/strong><\/h3>\n\n\n\n
\n
4. Submitting the Claim<\/strong><\/h3>\n\n\n\n
\n
<\/figure>\n\n\n\n5. Managing VAT Claims<\/strong><\/h3>\n\n\n\nUse the Manage VAT Claims<\/strong> option under the Administration<\/strong> menu to:
\n\n\n\n\n
6. Recording the VAT Repayment<\/strong><\/h3>\n<\/ul>\n\n\n\n