VAT Return Calculator
VAT Return: a planned Super Calculator tool. Covers standard and reduced and zero rated sales. Stub page while the tool and its worked example are prepared.
VAT Return Calculator is a planned calculator in the tax section of Super Calculator, covering business tax.
What this calculator will compute
Inputs: standard, reduced and zero rated sales, purchases with input tax, scheme and period.
Outputs: output tax, input tax, net VAT payable or reclaimable (currency) and scheme comparison.
Formula, recorded as scope and not yet verified against a primary source: VAT payable = output tax on sales - input tax on purchases, subject to partial exemption restrictions and blocked input categories. Flat rate and margin schemes replace the calculation entirely with a turnover-based percentage.
Status
This page is a stub. The calculator is not built, no figure on this page has been verified against the authority that sets it, and nothing here should be used to make a decision. The page exists so that the site structure is complete and so that articles can link this concept on first mention.
The stub carries noindex, nofollow and is excluded from the sitemap.