My company has deregistered from VAT as from 01/03/2020. How do I make the necessary changes?
You can create VAT adjustments in the return, Magda2020. This will help you make some changes.
I'll help you how:
Once you enter an adjustment, QuickBooks Online will create an entry automatically.
As always, I'd suggest conferring with your accountant before creating any adjustments. This is to make sure your taxes are accurate.
I'll share a reference on how to track sales tax adjustments.
Feel free to visit the Community if you have other VAT concerns. We're here to lend a hand.
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