Hi Peter – how should I handle VAT3 returns that were generated by Bullet for the period between company formation and VAT registration? Can I delete these or should they be marked as a ZERO Payment? Thanks in advance

Hi Peter – how should I handle VAT3 returns that were generated by Bullet for the period between company formation and VAT registration? Can I delete these or should they be marked as a ZERO Payment? Thanks in advance

1 answer

Peter Connor Staff December 4, 2016
Public

Hi
If you weren’t registered for VAT you can just mark them as paid once they’re zero.
But when your registered for Vat you need to submit returns. Even zero returns.
P

#answer-4510
  1. Stepien8 December 4, 2016
    OK understood. Is there anyway to delete them to keep things tidy?
  2. Stepien8 December 4, 2016
    Ditto for the P30s before registration.
  3. Peter Connor December 4, 2016
    Nope. The systems designed to keep you compliant. Deleting returns wouldn't look good in a audit.
    If you mark them as paid they'll disappear.
    P
  4. Stepien8 December 4, 2016
    Fair point. Thanks. Last question. Do zero returns appear in a ledger or are they "skipped".
  5. Peter Connor December 4, 2016
    They'll be marked as Zero. You can just put a note on them.
    There's no worry about that. Revenue just care that your paying your tax.
  6. Stepien8 December 4, 2016
    Great. Thank you again.
  7. Stepien8 December 4, 2016
    PS is there an accountant you would recommend in North County Dublin familiar with your system (i.e. I could share the accts with?)
  8. Peter Connor December 4, 2016
    Sure. Not north Dublin but he's in the city, I think he lives north Dublin.
    He's a ex tax accountant from EY that now works in SMB.
    I'll introduce you now.
    Pete.
  9. Stepien8 December 4, 2016
    OK cheers.

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