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M
Mp196920160
May 30, 2023
Question

vAT REPORT

  • May 30, 2023
  • 1 reply
  • 0 views

hI, I HAVE RUN MY VAT REPORT AND THE FIGURE IS APPROX 2.5K WRONG.

 

 

wHEN I HAVE RUN THE SUMMARY REPORT THESE WERE OLD TRANSACTIONS THAT NEVER TOOK PLACE AND HAVE BEEN DELETED. BUT THERE SHOWING ON THE vat RETURN. HOW DO I REMOVE THESE PLEASE

1 reply

G
GeorgiaC
May 30, 2023

Hello Mp196920160

 

Thanks for posting on the Community. Any transaction with VAT that has been filed on a previous return in QuickBooks (either marked as filed or submitted to HMRC) will create an exception on the open return if deleted. 

 

One way to correct this if the transaction(s) wasn't genuine would be to enter an adjustment on the VAT return. You'll need to calculate the adjustment amount and then enter this against the relevant box on the VAT return. We recommend working with your accountant on this if you're unsure how-to. If you don't have an accountant, we can help you find one near you.

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