How to File a VAT Return in Lovat Software

Filing VAT returns in multiple countries can be a daunting and time-consuming task for businesses. Each country has its unique regulations and requirements, making the process even more complex.


Understanding VAT Return Filing Requirements

If your business is registered for VAT in multiple countries, it’s crucial to grasp that you must file a VAT return in each of these countries. The frequency of filing VAT returns varies based on your business’s turnover and the specific regulations of each country.


Gathering the Necessary Information

Before initiating the VAT return filing process, it’s essential to gather all the required information. This includes ensuring all VAT numbers for relevant countries are active and having accurate details of both output and input VAT transactions. Accuracy is of utmost importance, as any mistakes could lead to compliance issues.


7 steps to file a VAT return

Lovat offers a seamless and efficient process for VAT return filing.

  1. Navigate to “Tax Settings“: In this section, you can find essential information about your VAT numbers. Ensure all existing VAT numbers are active before proceeding to upload your transactions.
  2. Upload Transactions: In the “Transactions” section, make sure all necessary transactions are accurately uploaded to guarantee precise reporting.
  3. Fill Out Your Tax Return: Access the “VAT Returns” section from the left menu and select “Fill VAT Return”. Choose “VAT return” as the type of report, specify the country and reason for VAT registration, and select the desired year and return period.
  4. Output VAT: The “Output VAT” section displays the tax collected by your business on the sale of goods and services in the selected country. This section is pre-filled based on the uploaded transactions, but you can make manual adjustments if necessary.
  5. Input VAT: Enter information about the tax your business paid on purchasing goods and services in the reporting country, such as from German suppliers.
  6. Intra Community: Add information about intra-EU transactions in this section, which is also pre-filled based on the uploaded transactions. You can choose the sales list to get in addition to the VAT report.
  7. Review and Submit: Review all the provided information on the “VAT Due” page. If everything is accurate and ready, choose “Fill the form” to submit the return. Confirm the submission by selecting “Submit”.

Lovat’s tax management platform eliminates the need for tedious calculations and struggling with complex tax policies. It streamlines the entire process, saving you valuable time and effort.


If you’re ready to simplify your VAT return filing and achieve tax compliance effortlessly, take advantage of Lovat’s 14-day free trial.