Im trying to complete my VAT return. Box 1 has a figure in it. When I try to adjust it to the correct figure it adds the adjustment figure to that existing amount. Help

Hi there, Jane. You don't need to zero out Box 1. To adjust it, enter the difference between the amount shown and your target figure using a negative sign to decrease it.

If you’ve already saved a previous adjustment that increased your total, I recommend deleting it first to keep your taxes screen clean. Once that’s cleared, head back to the VAT screen and adjust it again. Here's how:

1. Next to your submission period, click Prepare return and hit Adjust on Box 1.
2. Choose an Adjustment Date and Tax rate to ensure it will appear on reports or your tax return.
3. Select an Adjustment Account. Income accounts for credits and expenses for fines.
4. Enter the adjustment amount. Instead of your final total, just enter the difference. Use a negative sign to decrease the amount.
5. Enter a memo to describe the adjustment, then select Save.

Feel free to hit the Reply button below if you have additional concerns. We're here to help.