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Northern Ladys 45
Level 1

VAT Invoices missed off old returns

Hi There, 

I could do with a bit of help, so thank you for listening. I had a bad breakdown and serious illness last year, various personal and family reasons - but during that period I manage to keep the business afloat and am much better now.

I've just realised that despite me submitting my VAT Returns on time, I've missed some invoices off over a year period (from March 2023). I'm massively panicking now as the VAT value is around £50k. I'm totally prepared and able to pay that VAT due, but do I just uploaded them all onto Quickbooks with the correct dates etc for the next VAT return, and the system will include the old ones and then I can submit, or do i need to go direct to the HMRC? 

As I say, I'm prepared and able to make the payment and surcharge but because of the massive wallop that breakdown  has had on my mental health, i'm an anxious mess at the moment and worried about what might happen.

Shall I just upload and wait for the return and pay, or is there something else I need to do/or may happen? 

Thank you 

Julie

1 REPLY 1
LeizylM
QuickBooks Team

VAT Invoices missed off old returns

I'm glad to hear that you are feeling better now and that you are prepared to address the missed VAT invoices, Julie. I'm here to share insights about this.  

 

In QuickBooks Online, you can only input a single date for transactions. In this case, you can upload the missing data with the correct date that corresponds to the previous filling period. QBO will account for any VAT due on your current return as an exception.

 

Moreover, QBO can unfile a VAT return. However, it is exclusive to accountants or bookkeepers. If you don't have one, I suggest contacting directly to HMRC for further guidance. 

 

I've added this article to help you maintain accurate records and comply with HMRC regulations: How to unfile a VAT return in QBO. 

 

Keep me posted if you need further assistance with missing invoices from a previous VAT period. I'm always here to help. Have a great day. 

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