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My QB VAT return is trying to auto include 'Exceptions' from previous quarters where the flat rate VAT has already been paid. How do I 'Adjust' or otherwise fix this?

 
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Best answer March 07, 2020

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Level 2

My QB VAT return is trying to auto include 'Exceptions' from previous quarters where the flat rate VAT has already been paid. How do I 'Adjust' or otherwise fix this?

Thankyou.
With the help of one of the QB on-line agents I did this.

As I'm on the flat rate scheme I needed to adjust the return by the exceptions figure QB was giving me for Box 6.
Key was also to do this for a VAT period pre the current return period.
So put in an Adjustment date pre the current VAT return period.
Left the Tax Rate as the default ECPSZR (0%)
Left the Adjustment account as drop down Bank
Admjustment amount was negative copy paste of the QB figure and that then made my VAT return correct and not picking up deposits that had been marked as being VATable.
 - it seems that over the last year or so, a chunk of deposits were marked as VATable even though I've paid the VAT based on the % of the invoice via the Flat Rate Scheme.

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2 REPLIES 2
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My QB VAT return is trying to auto include 'Exceptions' from previous quarters where the flat rate VAT has already been paid. How do I 'Adjust' or otherwise fix this?

Hello @Rhauri,

 

You can make an adjustment before filing your VAT return directly from the Prepare VAT return window.

  1. Go to Taxes.
  2. Select VAT.
  3. Find the VAT return you wanted to file.
  4. Under ACTION, select Prepare return.
  5. Click Adjust.
  6. Enter the adjustment amount.
  7. Select Save.
  8. Click Submit to HMRC.

But before doing so, I'd recommend contacting your account first for guidance in handling your VAT return and the adjustment itself.

 

You can read through this article to learn more about VAT and other related tasks.

 

I'll be here if you need more help. Thanks!

Highlighted
Level 2

My QB VAT return is trying to auto include 'Exceptions' from previous quarters where the flat rate VAT has already been paid. How do I 'Adjust' or otherwise fix this?

Thankyou.
With the help of one of the QB on-line agents I did this.

As I'm on the flat rate scheme I needed to adjust the return by the exceptions figure QB was giving me for Box 6.
Key was also to do this for a VAT period pre the current return period.
So put in an Adjustment date pre the current VAT return period.
Left the Tax Rate as the default ECPSZR (0%)
Left the Adjustment account as drop down Bank
Admjustment amount was negative copy paste of the QB figure and that then made my VAT return correct and not picking up deposits that had been marked as being VATable.
 - it seems that over the last year or so, a chunk of deposits were marked as VATable even though I've paid the VAT based on the % of the invoice via the Flat Rate Scheme.

View solution in original post