Hi, I have just subscribed to this and still need to do my April 2019 to March 2020 will it allow me to do this. Will it automatically do as I input dates etc?

Welcome back to the Community, userrenov8homeimp.

Thanks for adding more details about your concern. This gives me a better picture of how to fix the issue.

In QBO, you can input the previous year’s transactions and record the VAT return. Make sure to add the VAT codes so they’ll show in the tax form.  

Before proceeding, let’s set up the VAT feature to apply taxes on the transactions. Let me guide you through the process.

1. Tap the Taxes menu on the left panel to choose VAT and then click the Set up VAT button.
2. On the Set up VAT page, fill in the field boxes with appropriate information.
3. Click OK to keep the changes.

Check out this article for more details. It includes instructions on how to add a tax rate, edit the VAT settings, etc: Set up and edit VAT settings, VAT codes, and VAT rates.

After setting up everything, enter past transactions in the same order they were created or received. For example, invoices, bills, payments, credits from suppliers. Click here to learn more about the process.

Since this is from the previous year’s tax return, you can only record the payment in QBO. This is because you’ll no longer be able to submit it using the program.

When tracking the transaction, type the correct date on the VAT settings to pull up the return. Let me show you the steps on how to record the historical payment.

Here’s how:

1. Go to the Taxes menu and click VAT.
2. At the upper-right, click Edit VAT and then Edit settings.
3. Change the Effective date for the new scheme to the date you filed the return.
4. Click Save.
5. Under the Filed returns section, the reports will then show up.
6. Click Record payment and Save.

Moving forward, transactions with VAT codes will show in the tax form. From there, you can process it using the online program.

I’m also adding these guides to help with your future tasks. These resources contain some links on how to file and send tax forms and payments.

• Submit a VAT return in QuickBooks Online
• File your VAT return and record tax payment

Feel free to visit the Community if you have any other concerns or questions. I’ll be around to answer them for you. Enjoy the rest of the day.