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Anonymous
April 16, 2019
Question

Cutting off old VAT figures

  • April 16, 2019
  • 1 reply
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The company I work for have not used Quickbooks to calculate and submit VAT to date.  We want to change to the new version and MTD but when I run a VAT report the software calculates the VAT payable for the past 10 years.  Do I just run a dummy VAT report to the end of the last VAT period and ignore the figures so that we can start from the beginning of this current VAT period?

1 reply

JamesC
JamesC
April 16, 2019

Hey GBW,

 

Welcome to the UK Community for QuickBooks. 

 

You effectively can run a large period to mark as filed, which will give you a point to work forwards from, the start of the current vat period for example.

 

It would be worthwhile ensuring that you don't have any unassigned VAT which you'll see on the VAT 100 as an extra line on the report also.

 

 

 

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