Hi, I’m getting ready for my vat return. I have a tool that requires a software subscription monthly. Can I claim the vat for the past 4 years as I still have the tool

Thank you for posting here in the Community, bob793739@aol.co

Yes, you can claim the Vat for the previous period or year. To do that, you need to add the unclaimed VAT in Box 4.

 Here’s how:

1. Log in to your QuickBooks Online and go to the Taxes menu. Then, click Prepare return.
2. Click the Adjust option next to the Box 4 amount and enter the Adjustment amount.
3. Add a memo about the adjustment.
4. Then, click Save.

You can also check out these articles for your reference in the future:

• VAT: Getting Started.
• Submit a VAT return in QuickBooks Online.

Leave a comment below If you need more help with taxes. Keep safe.