QuickBooks Online sets the tax calendar opening dates to April 1st or April 6th to align with the beginning of the UK tax year, Najeeb1. Let's explore this topic further.
When configuring the start of your tax year, you can only select the following dates to adhere to the UK tax calendar. Given the complexity of adjusting your company's accounting to its financial and tax timelines, it's advisable to seek guidance from your accountant on what day to choose.
If you don't have an accountant, I can help locate one by checking out this page: Find a QuickBooks ProAdvisor.
Additionally, this article provides detailed steps on tracking your VAT payment and deadlines to help avoid late fees and penalties: File your VAT return and record tax payments in QuickBooks Online.
I'll monitor this thread if you require additional assistance managing your company accounting preferences. Just keep me posted by mentioning my name in the comments below.
