Vat adjustment reversal

Yes, it is possible. You can do this by adjusting your next return to account for the incorrect adjustment in this period, as deleting a filed VAT return will cause a mismatch with the agency’s records.

First, verify that your tax adjustment account is set up correctly. Select an expense or liability account to increase your tax due, or choose an income or asset account to decrease your VAT.

Once the account is ready, add the adjustment to your next return.

Let me know if you have any additional questions.