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J
Jordi J
July 22, 2020
Question

My VAT is screwed

  • July 22, 2020
  • 1 reply
  • 0 views

Hi,

I have used the bridging software for 19/20 and transferred my spreadsheet output for the VAT 100 generated by my Desktop QB since MTD started. 20/21 we are fully over to the online QB and invoices and payments for the early part of 19 have been copied across. I am left now with a VAT exception item for each invoice entered since 1st April. This results in a large unfiled VAT amount. I have tried adjusting but the adjustment is applied to the current VAT not the incorrect exception. 

1 reply

Angelyn_T
Angelyn_T
July 22, 2020

Hello, @Jordi J.

 

When filing VAT returns, the VAT exception amount represents the transactions previously filed but was changed, deleted, or added. Once you enter an adjustment, it'll apply to the current VAT. 

 

At this time, you have to reach out to our QuickBooks Online Support Team so they can assist you with the adjustments correctly. If needed, they also have specific tools to help you unfile the VAT return.

 

To contact support, tap on Contact us from the Help menu.

 

Also, check out these articles to learn more about VAT exceptions and reports in QuickBooks Online:

 

If you have any other questions, mention me in the comment section below. I'm always here to help. Keep safe, @Jordi J!

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