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alexsmb
Level 2

Can I reclaim VAT for a new transaction in a previously filed return? I can see the correct amount on the VAT page but the VAT100 only brings up the current VAT quarter.

 
Solved
Best answer April 03, 2019

Accepted Solutions
TaliaI
QuickBooks Team

Can I reclaim VAT for a new transaction in a previously filed return? I can see the correct amount on the VAT page but the VAT100 only brings up the current VAT quarter.

Hello Alex,

 

The VAT 100 report does not show exceptions, they post to the submit return screen and so are included in the overall figure you are due to reclaim.

 

Thanks,

 

Talia

View solution in original post

5 REPLIES 5
John C
QuickBooks Team

Can I reclaim VAT for a new transaction in a previously filed return? I can see the correct amount on the VAT page but the VAT100 only brings up the current VAT quarter.

Hi alexsmb

 

If you create a new transaction with a date that relates to a previously filed period, it will create an exception in the open period. As you are viewing a VAT 100 report that report doesn't show exceptions, select taxes, select prepare/submit return to the right of the open period and this will show you an exception column.

alexsmb
Level 2

Can I reclaim VAT for a new transaction in a previously filed return? I can see the correct amount on the VAT page but the VAT100 only brings up the current VAT quarter.

Is there then a way of including the exceptions in the latest return?

TaliaI
QuickBooks Team

Can I reclaim VAT for a new transaction in a previously filed return? I can see the correct amount on the VAT page but the VAT100 only brings up the current VAT quarter.

Hello alexsmb,

 

Any new transactions added in for a date within a filed period will be included as exceptions in the current period. You will be able to see these by selecting prepare/submit return, as my colleague previously suggested.

 

Thanks,

 

Talia

alexsmb
Level 2

Can I reclaim VAT for a new transaction in a previously filed return? I can see the correct amount on the VAT page but the VAT100 only brings up the current VAT quarter.

Hi Talia,

 

Thanks for your reply.

 

I can see the transactions in the Exception report but I thought that they should also be carried through to the VAT 100 and VAT Detail report?  The VAT 100 does not include any of the transactions which I have entered late in previous quarters, only the ones made in the most recent quarter?  How do I actually reclaim late entered transactions from previous quarters?

 

Alex

TaliaI
QuickBooks Team

Can I reclaim VAT for a new transaction in a previously filed return? I can see the correct amount on the VAT page but the VAT100 only brings up the current VAT quarter.

Hello Alex,

 

The VAT 100 report does not show exceptions, they post to the submit return screen and so are included in the overall figure you are due to reclaim.

 

Thanks,

 

Talia

View solution in original post