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NitinUpadhyaya
April 10, 2021
Question

Historic VAT RETURNS after switching to Quickbooks?

  • April 10, 2021
  • 1 reply
  • 0 views

Hello,

 

We have recently started working on Quickbooks but the company is active and filing VAT from June 2019. Now since we have imported all historic bank data we are struggling with a few things and would need help with. 

We would have open VAT RETURNS from June 2019 but under the TAX/VAT tab in QB, it is only showing from March 2020. How can we access the OPEN VAT RETURNS from June 2019 so we can MARK THEM FILED and RECORD/MATCH THE PAYMENT? (WITHOUT MTD)

 

Any help or link would be much appreciated.

Thanks

1 reply

L
LeizylM
April 10, 2021

Hello there, NitinUpadhyaya. 

 

Thank you for posting on the Community page. I'm here to guide you on how to import or record all the transactions within the VAT return that has the refund.  Then, we can change the VAT settings' Effective Date to pull up the return.

 

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 a 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. 
  7. Once done, click Save. 

 

I have a link here that you can check on how to prepare VAT exceptions and reports in QuickBooks Online.

 

Get back to us if you have other questions about your account. We're always here to help. Take care!

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