VAT Errors and exception report

Joce22 · ‎January 09, 2024

Hi, could someone clarify for me.

if I correct the VAt code for a transaction in a reporting period where the VAT return has already been filed, this will show up in the current reporting periods VAT exception report BUT is the corrected error amount reported in the current periods VAT return as well or will a manual adjustment need to be made in box 1 or box 4

for example

in quarter 1 VAT submission the following sales transaction was made.

100 sale O% VAT

VAT return filed

Subsequently this transaction was corrected to 100 sales 20 VAT owed

will the £20 owed to HRmC be automatically reflected in the return so no further adjustments are required.

If so, can this method be used to correct any prior mistakes with VAT reporting for transaction where the VAT has already been filed?

Thanks

jenop2 · ‎January 10, 2024

Thanks for joining us here in the Community. I understand that filing accurate tax returns is a critical part of bookkeeping, Joce22.

I noticed a similar question about corrections to previously submitted tax returns was also asked earlier in a separate thread. I wanted to direct you to that discussion since I think you'll find it contains useful information.

Here's a direct link to that post where my colleague provided a detailed answer on fixing errors on submitted tax returns: https://quickbooks.intuit.com/learn-support/en-uk/vat/how-do-i-include-items-on-previous-vat-return-...

Let me know if you need any clarification or have additional questions after reviewing, Joce22. We're always here to guide and point you in the right direction.

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