Edit

Share via

VAT Statement (report)

The VAT Statement report consolidates VAT posting information into a structured format based on the setup for your VAT statement. Typically, businesses use the report when they file VAT to calculate and report VAT that's due or refundable.

You can select the VAT statement name and define the start and end date to generate accurate results. The report summarizes input and output VAT, totals, and applies your custom statement lines and posting groups.

Use cases

Calculate and report VAT that's due or refundable during tax filing by summarizing input and output VAT based on how you set up your custom VAT statement. Select the relevant statement and period to generate accurate, structured tax reports.

Tip

Here are some tips on how to use the report:

  • Prepare official VAT filings for tax authorities.
  • Select the correct VAT statement name and reporting period so your results are accurate.
  • Review the summarized VAT amounts to validate input/output VAT and totals.
  • Align your VAT statement setup with local tax authority requirements.
  • Support periodic VAT submission and compliance.

Accountants can use the report to:

  • Validate VAT postings for accurate tax reporting.
  • Prepare documentation to submit to tax authorities.

Controllers can use the report to:

  • Monitor VAT liabilities and refunds.
  • Support internal audits and compliance reviews.

Auditors might reference the report to:

  • Verify the accuracy and completeness of VAT entries.
  • Confirm alignment with tax regulations and filing standards.

Try the report

Try the report here: VAT Statement

Tip

If you hold down the CTRL key while you select the report link, the report opens on a new browser tab. In this way, you can stay on the current page while you explore the report on the other browser tab.

VAT management overview
Built-in VAT reports in Business Central
Built-in key finance reports
Ad hoc analysis on finance data
Financial analytics overview

Find free e-learning modules for Business Central here