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?

lucy24 · ‎May 04, 2020

Ashleigh1 · ‎May 04, 2020

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 click submit to HMRC if not then just exit the page top right.

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

View solution in original post

Ashleigh1 · ‎May 04, 2020

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 click submit to HMRC if not then just exit the page top right.

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

lucy24 · ‎May 04, 2020

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

Ashleigh1 · ‎May 04, 2020

Hello Lucy24,

No problem at all, you can set up a separate liability account for adjustments. We'd advice confirming with your accountant they are happy with the adjustment once done.

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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?