UNDER THE TAGGING PROCESS, ALL INVOICES INCLUDED ON THE NORMAL VAT REPORT FOR A PERIOD WHICH ARE TAGGED WILL NEVER BE CARRIED FORWARD TO BE INCLUDED IN A FUTURE VAT RETURN.
IF AN INVOICE IS RECEIVED WITH A DATE RELATED TO A PERIOD FOR WHICH A RETURN HAD ALREADY BEEN FILED WITH THE REVENUE, CONTINUE TO POST THE INVOICE WITH THE CORRECT DATE EVEN THOUGH THE VAT RETURN HAS ALREADY BEEN COMPLETED.
WHEN THE NORMAL VAT REPORT IS PREPARED FOR THE SUBSEQUENT RETURN PERIOD, THE PROGRAM WILL AUTOMATICALLY BRING FORWARD AND INCLUDE ANY TRANSACTIONS WHICH ARE “UNTAGGED” FROM PRIOR PERIODS, THUS INCLUDING THE LATE INVOICE.
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