M.A.D wrote:
Don't know if this is still valid or not......posted it on another thread a coule of years ago
VAT Return form ...
Box.
1 VAT Output (on Sales to Cyprus+EU)
2 VAT Output Notional (on Purchases from EU country)
3 VAT payable (refundable) (1+2)
4 VAT Input (Notional VAT+Cyprus expenses)
5 VAT payable (refundable)
6 All Sales (without VAT) (Cyprus+EU + non EU)
7 All Purchases (without VAT) (Cyprus+EU + non EU)
8A All Products Sales (without VAT) to EU Countries
8B All Services Sales (without VAT) to EU Countries
9 All Sales (without VAT) @ 0% rate
10 All Sales(without VAT) to non EU
11A All Product's Purchases from other EU countries (without VAT)
11B All Service's Purchases from other EU countries (without VAT)
The above is correct.
From May this year VAT will no longer accept VAT submissions in paper form. Those businesses registered for VAT must register for TAXISNET. I have registered but not made a submission yet, so have no idea if the online form is in English, however as TAXISNET has an English option, I live in hope.
VAT submissions and social security payments are not black arts as the accountants say they are. The accountants make very good money from doing returns you can do yourself.