Create a VAT Period

To create a new VAT period:

1. On the Set-up menu, click VAT.
2. Click the Periods tab.
3. Click Add. A new line is added to the top of the Rates table.
   

   Add VAT period

4. Type the following:
   • Details – Type a name for the VAT period, e.g. 2019 Q1
   • Start date – select a date from the calendar
   • End date – select a date from the calendar
   • Active – select to allow transactions to be created with or posted to the period.

5. Click Confirm.

Note: There are restrictions on the dates you can select:

You cannot create a VAT period with a start date after the end date.

When creating a period, you cannot leave a gap between a previous period and your new one, e.g. 2019 Q1 finishes on 31 March 2019, so 2019 Q2 must start 1 April 2019.

 

See Also