{"id":31105,"date":"2020-12-17T18:13:43","date_gmt":"2020-12-17T18:13:43","guid":{"rendered":"https:\/\/support.ospreyapproach.com\/?post_type=pracctice_guide&#038;p=31105"},"modified":"2024-05-10T08:57:48","modified_gmt":"2024-05-10T07:57:48","slug":"paying-vat-to-hmrc","status":"publish","type":"pracctice_guide","link":"https:\/\/ospreyapproach2022.wireddemo.co.uk\/support\/guides\/paying-vat-to-hmrc\/","title":{"rendered":"Paying VAT to HMRC"},"content":{"rendered":"<div class=\"card\">\n\n    <p class=\"mb-2\"><strong>Who is this guide for?<\/strong><\/p>\n    <p class=\"mb-0\"><i class=\"far fa-user fa-fw mr-2\"><\/i> <strong>Accounts Users<\/strong> and <strong>Accounts Supervisors<\/strong><\/p>    \n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">This guide will take you through the methods of paying VAT to HMRC<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Osprey will allow you to keep track of the quarterly collection of VAT to HMRC using the VAT Journal.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">At the end of quarter the amount of VAT due to HMRC is payable.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Select Banks &amp; Journals<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"294\" height=\"73\" src=\"https:\/\/support.ospreyapproach.com\/content\/uploads\/sites\/2\/2024\/05\/image-322.png\" alt=\"\" class=\"wp-image-66937\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Choose VAT JNL, select the relevant Branch and Dept and click Refresh<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"442\" height=\"317\" src=\"https:\/\/support.ospreyapproach.com\/content\/uploads\/sites\/2\/2024\/05\/image-323.png\" alt=\"\" class=\"wp-image-66938\" srcset=\"https:\/\/ospreyapproach2022.wireddemo.co.uk\/content\/uploads\/sites\/2\/2024\/05\/image-323.png 442w, https:\/\/ospreyapproach2022.wireddemo.co.uk\/content\/uploads\/sites\/2\/2024\/05\/image-323-300x215.png 300w\" sizes=\"auto, (max-width: 442px) 100vw, 442px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Click Post<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The posting type will show as Vat Payment<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"616\" height=\"473\" src=\"https:\/\/support.ospreyapproach.com\/content\/uploads\/sites\/2\/2024\/05\/image-324.png\" alt=\"\" class=\"wp-image-66939\" srcset=\"https:\/\/ospreyapproach2022.wireddemo.co.uk\/content\/uploads\/sites\/2\/2024\/05\/image-324.png 616w, https:\/\/ospreyapproach2022.wireddemo.co.uk\/content\/uploads\/sites\/2\/2024\/05\/image-324-300x230.png 300w\" sizes=\"auto, (max-width: 616px) 100vw, 616px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Set the correct Posting Date, type the appropriate Detail, from the drop-down list select the correct bank, the Bank Amount is the amount to be paid to HMRC. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Enter a reference and click Post.<\/p>\n\n\n\n<p class=\"is-style-info wp-block-paragraph\">If a refund has been received, this can be posted as a VAT Adjustment.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"655\" height=\"395\" src=\"https:\/\/support.ospreyapproach.com\/content\/uploads\/sites\/2\/2024\/05\/image-325.png\" alt=\"\" class=\"wp-image-66940\" srcset=\"https:\/\/ospreyapproach2022.wireddemo.co.uk\/content\/uploads\/sites\/2\/2024\/05\/image-325.png 655w, https:\/\/ospreyapproach2022.wireddemo.co.uk\/content\/uploads\/sites\/2\/2024\/05\/image-325-300x181.png 300w\" sizes=\"auto, (max-width: 655px) 100vw, 655px\" \/><\/figure>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Osprey will allow you to keep track of the quarterly collection of VAT to H M Customs and Revenue using the VAT Journal.<\/p>\n","protected":false},"author":22,"featured_media":0,"template":"","categories":[51],"tags":[],"class_list":["post-31105","pracctice_guide","type-pracctice_guide","status-publish","hentry","category-using-vat"],"acf":{"display_as_dashboard_announcement":false,"announcement_title":"","announcement_type":"New feature","announcement_link_text":"Learn more","announcement_image":null},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Paying VAT to HMRC | Osprey Academy - Customer Support and Training Centre<\/title>\n<meta name=\"description\" content=\"A step-by-step guide to post the payment to HMRC in Osprey.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ospreyapproach2022.wireddemo.co.uk\/support\/guides\/paying-vat-to-hmrc\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paying VAT to HMRC | Osprey Academy - Customer Support and Training Centre\" \/>\n<meta property=\"og:description\" content=\"A step-by-step guide to post the payment to HMRC in Osprey.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ospreyapproach2022.wireddemo.co.uk\/support\/guides\/paying-vat-to-hmrc\/\" \/>\n<meta property=\"og:site_name\" content=\"Osprey Approach Customer Support &amp; 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