UK VAT Accounts A basic set of accounts for tracking VAT in the UK. A basic set of accounts for tracking VAT in the UK. Root Account 1972cce2e2364f95b2b0bc014502661d ROOT 0 0 Bank Accounts 48a242bf9a2d8c947cb41d96493d91da BANK ISO4217 GBP 100 Liquids placeholder true Current Account bf2ecb42d45a96c78639e10232a420c9 BANK ISO4217 GBP 100 Main bank account 48a242bf9a2d8c947cb41d96493d91da Reserve Account 1e9e67d49dfef2572e0f31fa933a7a22 BANK ISO4217 GBP 100 Reserves held e.g. for paying tax 48a242bf9a2d8c947cb41d96493d91da Assets 2c6c804d4a7946eb7fb1641ef9086433 ASSET ISO4217 GBP 100 Fixed and semi-fixed assets placeholder true Capital Equipment 9c566ece97799eda4e900b003ce48e48 ASSET ISO4217 GBP 100 Additions only, Box 7 placeholder true 2c6c804d4a7946eb7fb1641ef9086433 Computer Equipment 25a9a71594adb4ece13605fab43e4bc8 ASSET ISO4217 GBP 100 9c566ece97799eda4e900b003ce48e48 EC Reverse VAT Purchase 6708e3ff1292c2b5defd07da9f858b60 ASSET ISO4217 GBP 100 9c566ece97799eda4e900b003ce48e48 Other 906665a36a7a51e6935c82d0774c3587 ASSET ISO4217 GBP 100 2c6c804d4a7946eb7fb1641ef9086433 Liabilities 831468eeee94fe029230db0c68e16fd9 LIABILITY ISO4217 GBP 100 Corporation tax and other fees placeholder true Owed Corporation Tax 6c5a4c8accd399946328ed4c651ea9e4 LIABILITY ISO4217 GBP 100 831468eeee94fe029230db0c68e16fd9 Owed Fees ccd33922eef1dfe0501c75e02ff2fb8d LIABILITY ISO4217 GBP 100 831468eeee94fe029230db0c68e16fd9 Owed Tax/NI a3391321a3fd3e1cb1662095c7fc6fa2 LIABILITY ISO4217 GBP 100 831468eeee94fe029230db0c68e16fd9 Other 39b14b7dfa94471537026be477f3b843 LIABILITY ISO4217 GBP 100 831468eeee94fe029230db0c68e16fd9 VAT 3352145930e40b21fee20532ad07501b EXPENSE ISO4217 GBP 100 HMRC input/output accounts placeholder true tax-related 1 Input d3fda498135dbfca02febf0fbe379069 EXPENSE ISO4217 GBP 100 Purchases, box 4 3352145930e40b21fee20532ad07501b Output a46d9e9624070fcd2427973a4c725ed6 EXPENSE ISO4217 GBP 100 Box 3 placeholder true 3352145930e40b21fee20532ad07501b EC 37d726ec68d451d098496b7f5513f6f8 EXPENSE ISO4217 GBP 100 On reverse VAT purchases (Box 2) a46d9e9624070fcd2427973a4c725ed6 Sales 61bdfc571cdbf2259d99078fe75527a4 EXPENSE ISO4217 GBP 100 All, including zero rate UK/EC and World (Box 1) a46d9e9624070fcd2427973a4c725ed6 Equity c0b1160d2dd6b3059acc5083348b282f EQUITY ISO4217 GBP 100 Capital and other interests placeholder true Corporation Tax 372df3daa7816b42ad158a169d734cf3 EQUITY ISO4217 GBP 100 Payable to HMRC c0b1160d2dd6b3059acc5083348b282f Director's Loan 8fb3a7b6ce53849cc89304f6758cbe77 EQUITY ISO4217 GBP 100 Loan by company to director c0b1160d2dd6b3059acc5083348b282f Dividends c43c647131b41329d9b931486518d75f EQUITY ISO4217 GBP 100 placeholder true c0b1160d2dd6b3059acc5083348b282f Director's Dividends 1 a14da40765e4782bdf2aabe3060bde56 EQUITY ISO4217 GBP 100 c43c647131b41329d9b931486518d75f Director's Dividends 2 cda1c8d0665ad3be4f5429964912920f EQUITY ISO4217 GBP 100 c43c647131b41329d9b931486518d75f Shareholder Dividends 1 6a58e6f9f495885efe65182acf63c5c8 EQUITY ISO4217 GBP 100 c43c647131b41329d9b931486518d75f Opening Balances 409c82cc76a1dc46eefe49988983a0f9 EQUITY ISO4217 GBP 100 c0b1160d2dd6b3059acc5083348b282f Grants 7e4ed68ddfce93cd7844d68222f5b0a0 EQUITY ISO4217 GBP 100 c0b1160d2dd6b3059acc5083348b282f Income 6dbad2c3df0d9948e7017b85ab9a25b7 INCOME ISO4217 GBP 100 Money coming in placeholder true Interest 1bf0dd5eb0abd0ab217dc8c0282dd806 INCOME ISO4217 GBP 100 Bank and loan interest 6dbad2c3df0d9948e7017b85ab9a25b7 Misc 88a2dc9e588ab764de91ec21ced94989 INCOME ISO4217 GBP 100 Other sources of income 6dbad2c3df0d9948e7017b85ab9a25b7 Sales 86ef7451027dcb6223bb01204ac09a5e INCOME ISO4217 GBP 100 Income from customers placeholder true 6dbad2c3df0d9948e7017b85ab9a25b7 UK 93539ecc86fdad827ebbe84b2f5d2e40 INCOME ISO4217 GBP 100 Sales in UK 86ef7451027dcb6223bb01204ac09a5e EEC af74692df15b1de7665d5dd7a197cdfb INCOME ISO4217 GBP 100 Sales in EEC placeholder true 86ef7451027dcb6223bb01204ac09a5e Goods 18abb3a5b55a8600cb659e002e2fb1e6 INCOME ISO4217 GBP 100 Sale of goods within EEC af74692df15b1de7665d5dd7a197cdfb Services 27079bb92d78c85b0ca9acbafcec0e91 INCOME ISO4217 GBP 100 Sale of services within EEC notes Includes software, use sub-accounts as needed. af74692df15b1de7665d5dd7a197cdfb World f8c798c7e2e51fe5f7e00b9745e27834 INCOME ISO4217 GBP 100 Sales in rest of world 86ef7451027dcb6223bb01204ac09a5e Expenses 99b6260a8d4a093d96a6364781e4b19a EXPENSE ISO4217 GBP 100 Money going out placeholder true Depreciation 1c98cc846060b99d7548ca6064529143 EXPENSE ISO4217 GBP 100 99b6260a8d4a093d96a6364781e4b19a Emoluments 0a7d53c61b7e4f033de30fa466a659c9 EXPENSE ISO4217 GBP 100 placeholder true 99b6260a8d4a093d96a6364781e4b19a Director's Fees b843ed80892a72f769ab3c7b21bd2dd8 EXPENSE ISO4217 GBP 100 0a7d53c61b7e4f033de30fa466a659c9 Employer's NICs a57741189d33bd3929348714b402f48e EXPENSE ISO4217 GBP 100 0a7d53c61b7e4f033de30fa466a659c9 Employees d647bd218618d5091fb5731f36ace35a EXPENSE ISO4217 GBP 100 placeholder true 0a7d53c61b7e4f033de30fa466a659c9 Net Salaries e514f3f81e518dc3d6b99788f3f0953b EXPENSE ISO4217 GBP 100 d647bd218618d5091fb5731f36ace35a Stakeholder Contributions 4cd3c1e54781507e2b753477189fdc8b EXPENSE ISO4217 GBP 100 d647bd218618d5091fb5731f36ace35a NICs 8d98cc9b1f28734ed38bf9b96ea51e17 EXPENSE ISO4217 GBP 100 d647bd218618d5091fb5731f36ace35a Income Tax 605b15debe595dc138c98d2125ba7a90 EXPENSE ISO4217 GBP 100 d647bd218618d5091fb5731f36ace35a Other non-VAT expenses cfa3e60aafed83de57e4be732815df97 EXPENSE ISO4217 GBP 100 99b6260a8d4a093d96a6364781e4b19a VAT Purchases d77071fafc0de8455dd566b805bfcc40 EXPENSE ISO4217 GBP 100 placeholder true notes Box 7 99b6260a8d4a093d96a6364781e4b19a Accountant 5ee752c87746e0f368eaf82d531d0189 EXPENSE ISO4217 GBP 100 d77071fafc0de8455dd566b805bfcc40 Bank Charges 6db88661f0c6b11b121d9cb6c66fcfb7 EXPENSE ISO4217 GBP 100 d77071fafc0de8455dd566b805bfcc40 EEC Reverse VAT af9b5ef4814015a83053a4c991ca0c1a EXPENSE ISO4217 GBP 100 d77071fafc0de8455dd566b805bfcc40 Office 921ebceb9d81d627d3396b8e44ddd6cb EXPENSE ISO4217 GBP 100 d77071fafc0de8455dd566b805bfcc40 Telecoms 396652462ef503449e4d3dfba1932e72 EXPENSE ISO4217 GBP 100 d77071fafc0de8455dd566b805bfcc40 Software 5bf6de7b870ff608d8f942a261383251 EXPENSE ISO4217 GBP 100 d77071fafc0de8455dd566b805bfcc40 Subscriptions 63407e5d67414459caac7df095782759 EXPENSE ISO4217 GBP 100 d77071fafc0de8455dd566b805bfcc40 Sundries e2902798fe6b9e3721a13d96b3baaec5 EXPENSE ISO4217 GBP 100 d77071fafc0de8455dd566b805bfcc40 Travel/Accom b40da1c32982229fc507b7531e6bed53 EXPENSE ISO4217 GBP 100 d77071fafc0de8455dd566b805bfcc40 Accounts Payable 9ed585a7122ec73651aba6ab1b333c7e PAYABLE ISO4217 GBP 100 Entities we are in credit to placeholder true Accounts Receivable 89b200584355ddb86957b95acea890c9 RECEIVABLE ISO4217 GBP 100 Entities in debit to us placeholder true Cash a21914fb3309df6d54d849affb8b01a0 CASH ISO4217 GBP 100