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July 19, 2022
Question

QB is showing VAT return available edit for 2022 only. 2020 and 2021 VAT returns not used in QB. Assessed value was paid. How can I work on 2020 and 2021 VAT returns?

  • July 19, 2022
  • 1 reply
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looking to aligned assessed and actual value for VAT for 2020 and 2021.

1 reply

MJoy_D
July 19, 2022

I can help you with working on 2020 and 2021 transactions for VAT return, @paul-grabham-ran.

 

You can add the 2020 and 2021 transactions and record the VAT return. Make sure to add the VAT codes so they’ll show in the tax form. For more information about entering your old transactions chronologically and in batches, refer to this article: Enter historical information in QuickBooks Online

 

When tracking the transaction, type the correct date on the VAT settings to pull up the return. 

 

Here's how to record the historical payment: 

 

  1. Go to the Taxes menu and click on VAT.
  2. Click Edit VAT and then select Edit settings.
  3. Change the Effective date for the 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. Select Record payment and then Save.

 

For additional information on how to file and send tax forms and payments, check out these articles: 

 

 

Feel free to visit the Community if you have any other concerns or questions about the VAT return. I’ll be around to answer them for you. Enjoy the rest of the day.