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Registered for VAT in April. There are pre registration purchases we want to claim the vat from. How do we get the vat return to pick up pre registration transactions?
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Hello Community Users, Thanks for asking about adding pre-registration purchases on your first VAT return. We'd like to add clarification to the post here for future readers of the Community. In the case where it is the first return you can do an adjustment in Quickbooks in the relevant box in the return to account for the expense. You would need to create a VAT adjustment account to use for this in the chart of accounts and then go to the return and adjust the box. We'd recommend consulting with an accountant before doing this. More information on how to do a VAT adjustment can be found here
Any questions feel free to add to the thread.
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