Can I edit a vat return?

ribbyone · ‎August 26, 2019

RaymondJayO · ‎August 26, 2019

Thanks for posting here in the Community, @ribbyone.

Yes, you can adjust your current VAT account to correct errors on past returns. The following conditions should be met:

The net value of the errors is £10,000 or less (reporting threshold).
The error amount is up to 1% of your box 6 figure (up to a maximum of £50,000).
The accounting period ends not more than 4 years ago.

You must report any errors that do not meet the above scenarios to HMRC. For more information, check out this link: Correct Errors.

Please take note that any manual adjustments will impact your VAT control or VAT suspense account. With this, I'd suggest consulting your accountant before performing the correction. He/she will properly guide you on how to adjust the boxes on your next return.

Once you're ready, here are the steps on how to adjust VAT box 1, 2 and 4:

Go to Taxes from the left menu.
Select Submit VAT for the period you are submitting for on the VAT page.
Click Adjust in the VAT line that you want to change.
Select an Adjustment Date and VAT rate.
Choose an account from the Adjustment Account drop-down list.
Enter the adjustment amount in the Amount section.
To describe the adjustment, enter a memo.
Click Save.

To proceed with the other steps, see the To adjust VAT box 6, 7, 8 and 9 section through this article: Adjust Your VAT Liability.

Once done, the program automatically adds a journal entry to show the adjustment. When you file your next return, this will include the adjustment.

You can run the VAT Detail report to ensure your VAT return is correct.

I'm here anytime you have other concerns. Have a great day.

View solution in original post

RaymondJayO · ‎August 26, 2019

Thanks for posting here in the Community, @ribbyone.

Yes, you can adjust your current VAT account to correct errors on past returns. The following conditions should be met:

The net value of the errors is £10,000 or less (reporting threshold).
The error amount is up to 1% of your box 6 figure (up to a maximum of £50,000).
The accounting period ends not more than 4 years ago.

You must report any errors that do not meet the above scenarios to HMRC. For more information, check out this link: Correct Errors.

Please take note that any manual adjustments will impact your VAT control or VAT suspense account. With this, I'd suggest consulting your accountant before performing the correction. He/she will properly guide you on how to adjust the boxes on your next return.

Once you're ready, here are the steps on how to adjust VAT box 1, 2 and 4:

Go to Taxes from the left menu.
Select Submit VAT for the period you are submitting for on the VAT page.
Click Adjust in the VAT line that you want to change.
Select an Adjustment Date and VAT rate.
Choose an account from the Adjustment Account drop-down list.
Enter the adjustment amount in the Amount section.
To describe the adjustment, enter a memo.
Click Save.

To proceed with the other steps, see the To adjust VAT box 6, 7, 8 and 9 section through this article: Adjust Your VAT Liability.

Once done, the program automatically adds a journal entry to show the adjustment. When you file your next return, this will include the adjustment.

You can run the VAT Detail report to ensure your VAT return is correct.

I'm here anytime you have other concerns. Have a great day.

gabriel65 · ‎May 05, 2021

It doesn't allow me to change the date 'from' so I can only amend the current return, which isn't really the issue.

BettyJaneB · ‎May 06, 2021

Hello there, @gabriel65.

Let me get you pointed in the right direction to help you edit the date of your previous VAT return in QuickBooks Online.

It's not possible to undo a VAT return once it has already been submitted through Making Tax Digital (MTD). This is the reason you're unable to edit the date. You'll need to account for any changes to a previous period to the current one.

However, if you have already marked the successfully submitted VAT return as filed in QuickBooks but need to make adjustments, please contact our Customer Support team for further assistance. They have the tools to check your account and make adjustments for you.

To do that:

Click on Help at the top menu bar.
Select on the Contact Us button.
Enter a brief description of the issue in the What can we help you with? box.
Press on Let's talk.
Select on Get a callback.
Key in your contact details, then tap on Confirm my call.

Additionally, to give you more details about creating or deleting VAT adjustments in QuickBooks Online, please see this reference: Learn how to adjust your VAT due if you use Automated VAT in QuickBooks Online.

The Community always has your back, so please let me know if you have more questions. Have a great day and stay safe.

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Can I edit a vat return?