How to View VAT Liabilities

After submitting a VAT return obligation under the Making Tax Digital (MTD) platform, a liability for payment is generated. Most businesses settle their VAT liabilities via Direct Debit, ensuring automatic payments. This guide explains how to use the View VAT Liabilities option to monitor the status of submitted obligations and outstanding amounts.

Steps to View VAT Liabilities

1. Access the View VAT Liabilities Option:

   • Navigate to the VAT module and select the View VAT Liabilities feature.

2. Enter a Date Range:

   • Input the desired date range to filter results.
   • This will display VAT returns due within the specified period.

3. Review the Displayed Information:

   • VAT Returns: View the obligations submitted during the selected timeframe.
   • VAT Amounts: Review the total VAT liability for each return.
   • Outstanding Amounts: Check any remaining balances that have yet to be paid.

Key Notes

• Direct Debit Payments:

  • If your business uses Direct Debit, payments are processed automatically, typically within the due timeframe.
  • Ensure your Direct Debit details are up-to-date to avoid payment delays.

• Outstanding Balances:

  • Review any outstanding amounts to address potential issues before deadlines.

• Compliance:

  • The Making Tax Digital platform ensures that obligations and payments are accurately tracked and reported.

Scenarios Where This Process is Useful

• Confirming the submission and payment status of VAT obligations.
• Tracking outstanding liabilities to avoid late payments.
• Reviewing historical VAT returns for financial or audit purposes.