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Hi Nicky!
I see that you want to claim certain purchases on your first FR return, which can help reduce your taxes. I'll guide you through it.
All you want to do is record the purchases as expenses if you paid them electronically or in cash, or record them as cheque transactions if you paid through cheques. Then, select the correct VAT code and put a checkmark in the VAT reclaimable checkbox, so the calculated VAT will be reported in Box 4 (VAT reclaimed on purchases) on your return.
Below screenshots show a sample of an expense with a reclaimable VAT, which is reported on the return. I didn't add the steps for creating an expense or a cheque anymore because that's a pretty common thing everyone does in QuickBooks. However, I made sure to add labels so you won't miss out the necessary sections.
The Box 4 amount on the return is clickable. Click it if you want to see the list of transactions that comprise the reclaimable amount. Then, once you're all set, you can send your return to the HMRC. Here's an article for your reference: Submit a VAT return to HMRC using MTD in QuickBooks Online.
Let me know if you have questions about recording a reclaimable expense or about filing your return. I'm just around to continue helping you. Cheers!
Thank you, that worked perfectly.
My problem now is the following:-
First registered for VAT on FR scheme 1/2/23, so the first return is 1/2/23-31/3/23. However, on the settings I need to say the quarter started January, otherwise it does not pick the period up to 31/3/23.
How do I change the first VAT return from wanting the period 1/1/23-31/3/23, as it will be rejected when I try to file it? Hope this makes sense.
Many thanks
Thank you for getting back to the thread and for a follow-up about your concern, Nicky.
We'll have to evaluate some things based on the circumstances to determine the source of the problem. We may acquire access to your company as part of the procedure.
I recommend contacting our QuickBooks Online (QBO) Care Team for security reasons. They can set up a screen-sharing session. Our experts will also walk you through the steps necessary to implement the permanent remedy for your issue.
Here is how you can connect with them:
Or you can directly go to this link: https://quickbooks.intuit.com/learn-support/en-uk/contact. Select your specific product and then Type your questions or concerns.
Furthermore, these resources contain a list of topics about VAT exceptions as well as adjustments:
If you have more questions concerning your VAT or any other QuickBooks issues, please don't hesitate to post here again. Have a great day!
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