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NeilC1
Level 2

How to add VAT expenses from previous years in first VAT return?

 
1 REPLY 1
JamesDuanT
Moderator

How to add VAT expenses from previous years in first VAT return?

Hello NeilC1,

 

We can do a liability adjustment to add your previous VAT expenses to the recent ones. This process will add a journal entry to show the adjustment and include it to your next VAT return. You can use this article for the detailed steps: Adjust your VAT Liability.

 

Then you can already submit your VAT return and close your books.

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