Wrong VAT filings

Kitt1 · ‎February 26, 2023

I'm going to switch to Quickbooks from 1st March. The first VAT period I want QB to handle for me will be March to May 2023.

I'm just setting up QB now and it asked when I wanted the first period to be so I set March, but it understood it to be from March last year, 2022, which I found out after connecting to MTD and it's showing me an empty report for March-May 2022 that's marked with "take action" and I can't seem to get rid of.

What can I do?

LollyNino_C · ‎February 26, 2023

Welcome to Community, @Kitt1.

Let me provide some information about setting up VAT filings in QuickBooks Online (QBO).

You need to start creating transactions with VAT codes on March 1, 2023. Transactions created before this date will be defaulted on March 2022 by the system.

I'm adding this article for more guidance: Set up and use the VAT feature in QuickBooks Online.

I'm still open to your replies, @Kitt1. Please let me know if you need further assistance setting up VAT in QBO. I'll be standing by for your response.

View solution in original post

LollyNino_C · ‎February 26, 2023

Welcome to Community, @Kitt1.

Let me provide some information about setting up VAT filings in QuickBooks Online (QBO).

You need to start creating transactions with VAT codes on March 1, 2023. Transactions created before this date will be defaulted on March 2022 by the system.

I'm adding this article for more guidance: Set up and use the VAT feature in QuickBooks Online.

I'm still open to your replies, @Kitt1. Please let me know if you need further assistance setting up VAT in QBO. I'll be standing by for your response.

Kitt1 · ‎March 01, 2023

Thanks. Waited until today (1 March) so that I have transactions and then put in my VAT details, it's worked like you said!

Kitt1 · ‎March 02, 2023

Actually @LollyNino_C, what I did was I purged the details I gave to Quickbooks to try to start with a clean slate.

But now that I have Quickbooks connected back up to Making Tax Digital, I wonder if it's detected my previous setup, old Feb-May 2022 filing, it's showing again, marked as "paid" and everything on that return is £0. And then the return after that (Jun - Aug 2022) is showing on screen as needing to be filed... both had already been filed last year. And I'm guessing if the Jun-Aug 2022 gets marked as "paid" with £0 return, then the next one is going to show...

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Wrong VAT filings