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ken-kcamarketing
October 28, 2022
Question

I have just got VAT registration. I want to claim back the VAT from capital purchases made over the past 4 years. How do I go about this in Quickbooks?

  • October 28, 2022
  • 1 reply
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1 reply

C
Charies_M
October 28, 2022

Hi there, Ken-kcamarketing.

 

The nature of your concern requires an expert advise. That said, I suggest you reach to an accounting professional on how to claim back the VAT from capital purchases from the past 4 years. They can share their expertise on how to handle this type of situation.

 

You might want to visit this link for the process of submitting VA return in QBO:

 

For your reference with VAT processing in QBO, check our Resource page through this link: VAT for QBO United Kingdom.

 

Visit us again if you need help or other VAT questions. It will be my pleasure to help. Stay safe and have a nice day.

K
ken-kcamarketingAuthor
October 30, 2022

As a mathematician, I do not want to consult an accountant unless I have to.  I know that I can claim back the VAT, but I need to know how to make the entries into quickbooks to enable me to do it.  Do i ;put in the purchases made before my VAT registration, in which case will my VAT return include them?

If it doesn't, how do I alter the VAT return before submitting it?

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