when submitting a vat return to mtd in the uk are any journals required aftwards to post the amounts to the correct gl

AI generated answer (using internal Slack threads):

Based on the conversations provided, it seems that when submitting a VAT return to MTD in the UK, there is no explicit mention of needing to create any journals afterwards to post the amounts to the correct GL. However, it's important to note that the system should automatically set up the necessary VAT accounts if you use the international tax module. This should assist in tracking VAT in the G/L. Also, it's mentioned that if you need to show the VAT on Purchases and VAT on Sales as a net amount in your Balance Sheet, it might be possible to achieve this without creating a manual journal to transfer it to a net GL account. This could potentially be done by customizing the Balance Sheet or creating new GL accounts with the same type, so that you can establish a parent-child relationship. ****** Disclaimer: This response was generated by an artificial intelligence assistant based on previous conversations from multiple Slack channels, and may contain inaccuracies or mistakes. ******

when the return has been submitted to the HMRC do the amounts in the control accounts have to be journaled out or does netsuite do that automatically