How do i include items on previous vat return shown in vat exception report to appear in current vat return i am doing?

Hi, could someone clarify for me.

if I correct the VAt code for a transaction in a period where the VAT return has already been filed, this will show up in the current periods VAT exception report but will the corrected error amount be reported in the current periods VAt return as well or will a manual adjustment need to be made in box 1 or box 4

for example 

in quarter 1 VAT submission the following sales transaction was made.

100 sale O% VAT

VAT return filed 

Subsequently this transaction was corrected to 100 sales 20 VAT owed

will the £20 owed to HRmC be automatically reflected in the return so no further adjustments are required.

If so, can this method be used to correct any prior mistakes with VAT reporting for transaction where the VAT has already been filed?

Thanks

Let me clear things for you, Joce22.

If you make changes to your VAT code after filing, it will create an exception for that period. Before making any changes, it's important to consult with your accountant. If you don't have an accountant, we can assist you in finding one through this link: Find a ProAdvisor.

Moreover, please be aware that alterations to your return impact the VAT control and VAT suspense account. Additionally, it's essential to correct any past errors in the current period.

Additionally, I'm adding these articles to understand more about VAT exceptions in QuickBooks Online:  

• VAT exceptions and reports in QuickBooks Online    
• How to correct tax exception errors in QuickBooks Online

I'm here to provide the assistance you need, leave a reply below. I'm here to provide the assistance you need.