A VAT return that we have already submitted to HMRC is incorrect resulting in an overpayment of VAT to HMRC.

Glad to see you in the Community, @usmanrauf. I’ll make sure this will resolve to keep your books balanced.

Since the Vat return is already submitted, I recommend contacting our support team to correct this. They can help handle this situation to ensure all linked transactions with this return are accurate. Here’s how:

1. Open your QuickBooks Online account.
2. Select Help (?).
3. Go to the Search tab, then select Contact Us.
4. Enter a brief description of concern in the box.
5. Choose a way to connect with us:
   • Start a chat with a support expert (Live chat all day, Monday-Friday)
   • Get a callback (Monday-Friday) 8:00 AM to 10:00 PM and Saturday-Sunday, 8:00 AM to 6:00 PM)

If you receive a VAT refund from HMRC for the overpayment, you can track it in the program. This way, you can make a match with the associated bank transaction. I’m glad to show you the steps:

1. Go to the Taxes menu.
2. Click VAT.
3. Click the All returns dropdown menu, then choose the specific VAT period you need.
4. Choose Record Refund in the View summary/return dropdown menu.
5. Select the bank account the refund has gone into.
6. Make sure you've selected Refund under Payment Type.
7. Enter the refund date and amount in the appropriate fields.
8. Add a memo if needed.
9. Tap Save after.
   

In case you want to make adjustments to your VAT due and liability moving forward, you can bookmark these articles for complete instructions:

• Make VAT adjustments in QuickBooks Online
• Create or delete a VAT adjustment in QuickBooks Online

I'm just around if you have any other concerns or questions besides your VAT returns. Just add them to your reply below, and I'll get back to you as soon as I can. Keep safe always!