Creating Tax Periods

Tax periods are the periods your VAT returns cover, set up for each company. They are usually quarterly, but can be monthly, yearly or four-monthly. The financial year must be set up before you create its tax periods. See Creating New Financial Years.

Create a tax period

1. Click the App Launcher (the grid of dots, top left), search for Tax and open it, click the Tax Periods tab and click New⁽¹⁾.

2. Choose the Tax Period Name (the month the period ends in) and the Financial Year⁽¹⁾.
3. Enter the From Date and To Date of the period⁽²⁾.
4. Choose the Tax Filing frequency, and if necessary enter the Return Deadline⁽³⁾ so you can see when the return is due.
5. Click Save⁽⁴⁾, or Save & New to create the next period.

Each tax period’s Status moves from New to Draft, Finalized and Submitted as you work through its VAT return.

Related articles

• Submitting Your VAT Return
• Creating New Financial Years