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Generate VAT Return

Create your VAT return with a single click using your imported transactions.

Prerequisites​

Before generating a return:

  • All transactions for the period are imported
  • Categories have been reviewed
  • No unresolved compliance alerts

Step-by-Step Guide​

Step 1: Select Period​

  1. Go to VAT Returns > Generate New
  2. Select the return period (month or quarter)
  3. Review the date range

Step 2: Review Summary​

The system displays:

  • Total sales by VAT rate
  • Total purchases with VAT
  • Calculated output VAT
  • Calculated input VAT
  • Net VAT position

Step 3: Validate​

CoralLedger Comply checks for:

  • Uncategorized transactions
  • Unusual patterns
  • Missing documentation
  • Mathematical accuracy
Compliance Alerts

Address any compliance alerts before finalizing your return.

Step 4: Generate Return​

  1. Review the final summary
  2. Click Generate Return
  3. Download PDF for your records

Return Contents​

Your generated return includes:

  • Summary page with all totals
  • Detailed transaction listings by category
  • Supporting schedules
  • Certification statement

Making Corrections​

If you find errors after generation:

  1. Correct the underlying transactions
  2. Delete the draft return
  3. Generate a new return

Next Steps​