Can't Undo a reviewed transaction

There are really times that we need to do corrections on the transactions that are already filed, skullvikings.

To help you do the necessary adjustments, I’d recommend contacting our support team. Below are the steps to do this:

1. Click Help at the top.
2. Select Contact us and enter your concern about the return.
3. Hit Let’s talk.
4. Choose either Get a callback or Start messaging. 

Prior to reaching our team, it would be best as well if you reach out to HMRC. This is to let them know about your interest in canceling the submitted return and re-submit another one. 

Post a question again if you'd like to discuss something else. We'll make sure to take care all of them.

Thanks.

Is it really neccessary to contact HMRC?

The VAT return isn't going to change at all, as all of the payments I'd charged VAT on were already included, and all the transactions that I still needed to sort out will not cause any additional VAT to need to be paid or to be claimed. That's why I hadn't prioritised getting this sorted, and my accountant had filed for periods where there were still unclassified transactions.

The transactions that were incorrectly classified were not included in the VAT filing, and don't make a difference to it, so seeing as it let me classify them, I don't understand why it wont let me undo them?

Hi Skullvikings,

You can not  undo transactions that are on the Flat Rate Scheme.

What you can do is either go into each transaction and change the category to the right one there or go into each transaction and in top left click on online match and undo the match there. By doing this it will move them back in to the for review and then you can change them to the right category and then match them again.

We know this is not the ideal resolution due to the fact you have stated you have thousands of transactions, however this is the only way to do this on the Flat Rate Scheme due to the new Making Tax Digital.

Hi,

I'm not trying to batch undo the transactions. I am just going to the individual reviewed transactions and clicking on Undo for that, this is what then shows me the error I described above.

I have attached a screen shot.

If you can describe to me how to change anything about these records even if it's one at a time, that would be massively appreciated.

Cheers,

Steve

I have transactions that are exempt or zero VAT why cant ypui delete these they dont affect yours sales. The FRS scheme is purley sales generated

Hello, mrp100461. I'm here to assist with your inquiry.

Under the Flat Rate VAT Scheme, transactions categorised as 0% or zero-rated VAT are subject to tax, but the VAT rate is charged at 0%. The reduced rate may apply in specific circumstances or depend on the customer. On the other hand, goods and services that are VAT exempt are not taxable, meaning no VAT can be charged on them. However, these affects on the code on your sales and purchase forms.

With that being said, that's the reason why exempt and zero VAT transactions can't be deleted.

To learn more about the flat rate scheme and how to record it on your VAT return, check out this article: Understanding the Flat Rate VAT Scheme in QuickBooks Online.

Additionally, these resources will guide you on how to keep accurate records of the tax you collect and pay. From there, you’ll learn about submitting a tax return and other VAT related-activities.

• VAT: Getting started
• Submit a VAT return to HMRC using MTD in QuickBooks Online

Let me know if you have any clarifications or other tax concerns, mrp100461. I’m always glad to answer them for you.