Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
Ok, so I have registered for VAT and received my number etc. I am aware I can claim the VAT back on certain purchases for the last 4 years, equipment I still have etc, and also for services for the last 6 months. The question is how and where do I input this information/receipts into QuickBooks
Solved! Go to Solution.
Hey Shaggy, where's Scooby?! (how many times have you heard that one?)
Welcome to the UK Community Page for QuickBooks Online, we try to make this place friendly and fun, whilst still informative.
The process of claiming VAT on items bought prior to VAT registration(that fall within HMRC guidelines) when it is your first VAT return you will need to make an adjustment on the return in Quickbooks to account for that. If it is not your first return in Quickbooks you can just add in the expense with the date it was purchased and it will create an exception in the return. This can not be done in the very first return hence the need to do an adjustment
In QuickBooks Online, you can adjust your current VAT account to correct errors on past returns if they are:
For the detailed steps on how to record the adjustment, please see this article: Adjust your VAT liability
You'll be able to record that as a tax adjustment. Post your comments below on how we can help you more about recording taxes. We are here for you!
Hey Shaggy, where's Scooby?! (how many times have you heard that one?)
Welcome to the UK Community Page for QuickBooks Online, we try to make this place friendly and fun, whilst still informative.
The process of claiming VAT on items bought prior to VAT registration(that fall within HMRC guidelines) when it is your first VAT return you will need to make an adjustment on the return in Quickbooks to account for that. If it is not your first return in Quickbooks you can just add in the expense with the date it was purchased and it will create an exception in the return. This can not be done in the very first return hence the need to do an adjustment
In QuickBooks Online, you can adjust your current VAT account to correct errors on past returns if they are:
For the detailed steps on how to record the adjustment, please see this article: Adjust your VAT liability
You'll be able to record that as a tax adjustment. Post your comments below on how we can help you more about recording taxes. We are here for you!
You have clicked a link to a site outside of the QuickBooks or ProFile Communities. By clicking "Continue", you will leave the community and be taken to that site instead.