Change in VAT period

Chris_Atlantic · ‎August 26, 2022

Hello,

My financial period runs from November to October, but my VAT quarterly filing period begins from Dec to Nov.

I have 2 questions

Under taxes > Edit Settings - I was able to change my VAT calculation period to begin from December. But under ‘Accounts and settings’. Advanced – Accounting – Why is there no option to choose the First month of the tax year? Unlike with Desktop Premier, I was easily able to select my tax year period. Please note – I’m currently doing a test on QuickBooks online, so my MTD is not switched ‘ON’,
With Intuit discounting desktop premier effect Jan 2023 – I’m trying to migrate the data to Ouickbooks online. The question I had is about the VAT period. I have filed Dec – Feb and Mar – May VAT returns in Desktop Premier using MTD. With my VAT date beginning in Dec, - how do I display the current VAT period of Jun through Aug?

Any help or suggestions would be helpful. Please refer attached snapshot…

Thanks

Chris

Ashleigh1 · ‎August 26, 2022

Hello Chris, so the accounting section in the account and settings section doesn’t affect the tax section. You have to change it within the taxes section and whatever obligations HMRC are expecting will then show up on the taxes section in QuickBooks for you to then submit.

View solution in original post

Chris_Atlantic · ‎August 26, 2022

Hi Angelyn,

I have attempted the same by navigating to the accounting section, but the system does not provide me with any alternatives. I have signed in from admin user / master user…

Please check snapshot…. By default, I have 2 options – ‘Same as financial year’ and ‘January’.

I have also noticed that if I change the month of financial year to any other month, the system still provide 2 options - January and Same as financial year or January.

Thanks

Chris

Ashleigh1 · ‎August 26, 2022

Hello Chris, so the accounting section in the account and settings section doesn’t affect the tax section. You have to change it within the taxes section and whatever obligations HMRC are expecting will then show up on the taxes section in QuickBooks for you to then submit.

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Change in VAT period