Account for VAT liability in a VAT group


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Jun 22, 2009
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Hi,

Our company recently joined a VAT group. Today we submitted for the first time our figures for the return for the quarter ending May'09, which result in a liability.

The Group representative will consolidate figures from all members of the group and will pay the VAT due to HMRC. I would like to know whether we should account for our liability in an intra-group account or in the VAT creditors account?

Thanks in advance
 
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