What is the Purpose of the VAT Summary Report

The purpose of the VAT Summary Report for parish and town councils is to provide a position check of the VAT account at a given point in time. This report is particularly important for parish and town councils, as it helps them manage their VAT obligations effectively and maintain financial transparency.

The report offers a comprehensive overview of input and output VAT, including the VAT charged on receipts and the VAT paid on suppliers' invoices. It shows the amount of VAT charged and paid to date, as well as the balance to be reclaimed, assuming a refund inward flow from HMRC.

The report considers any balance brought forward and the carried forward balance, representing the amount of refund that could be claimed as of the report date. By utilising this report, parish and town councils can ensure they are accurately reporting their VAT transactions and maintaining compliance with HMRC requirements.

How to Generate a VAT Summary Report

Log into Scribe Accounts and navigate to the menu VAT → VAT Summary Report. The report will automatically load with the position show as at today's date.

How to Filter a VAT Summary Report

Click Filter on the right hand side, above the report screen.  The only filter option available against this report is the date.  If a date other than today's date is required enter it or select it by clicking the calendar icon.  Click View Report to update the report. 

How to Download or Share a VAT Summary Report

The report can be downloaded by simply clicking 'Actions' in the top corner of the screen.  The following download options will be listed, PDF or Excel being the most commonly used. Click your chosen option and the report will be created.

Clicking Share will create a link that when clicked opens the report PDF in a separate webpage.

How to Print the VAT Summary Report

Generate the VAT Summary Report as described in the first section. Once the report is generated, click the printer icon in the top right corner of the report page. Follow the prompts in the print dialog box to adjust settings and print the report.