Overview of the VAT Return Process

If the VAT return process in IRIS Financials is new to you, we recommend reading all applicable topics before attempting the VAT return.

If you are registered for Making Tax Digital, please ensure you submit your VAT claim using MTD (if applicable) before posting your VAT return document in IRIS Financials. If you post your VAT Transfer document in IRIS Financials before submitting your MTD claim, no information is pulled through.

These topics are for guidance only. If you require advice on VAT-related issues or VAT advice in general, refer to your organisation's financial advisors.

VAT Return Process:

Please select the applicable link for information about each stage of the VAT return process:

  1. Preparing for a VAT Return

  2. Estimating Partial VAT for Month-End (if applicable)

  3. Reconciling a VAT Period with the VAT 100 Report

  4. Processing a VAT Return - Creating the VAT Transfer Documents

  5. Processing VAT Reimbursements