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lucy24
Level 1

I need to adjust Box 4 on first VAT return to include VAT reclaimed on purchases up to 6 months before registration. How can I do this?

 
3 REPLIES 3
Ashleigh1
QuickBooks Team

I need to adjust Box 4 on first VAT return to include VAT reclaimed on purchases up to 6 months before registration. How can I do this?

Hello Lucy24, 

 

Welcome to the Community page, 

 

To do a VAT adjustment if you click on taxes>prepare return> it will bring up the 9 boxes and it will have the word adjust at the end of the line>click adjust and you can change the amount of that box to what it needs to be> save and then if it is ready to be submitted then clcik submit to hmrc if not then just exit the page top right. 

 

We would recomment speaking to an accountant as well to make sure you are putting the right amount in the right section. 

lucy24
Level 1

I need to adjust Box 4 on first VAT return to include VAT reclaimed on purchases up to 6 months before registration. How can I do this?

Thank you Ashleigh1. That seems simple. When it asks for Adjustment Account, do I just select my normal business account?

Ashleigh1
QuickBooks Team

I need to adjust Box 4 on first VAT return to include VAT reclaimed on purchases up to 6 months before registration. How can I do this?

Hello Lucy24, 

 

No problem at all, it would be the normal business account that you would select yes.