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darkred1
May 18, 2020
Question

VAT return prior to MTD

  • May 18, 2020
  • 1 reply
  • 0 views

I started my QB VAT returns and accounting 01/04/2019 to comply with MTD. I've now added all invoices and bank details from 01/10/18 to 31/03/19 (01/10 is my annual accounting start date). These are now showing up as exceptions in the return for 01/04/20 to 30/06/20. The VAT returns/accounting prior to 01/04/19 was done outside quickbooks. How can I take into account the period prior to 01/04/19.

I can't seem to open any tax returns for the period from 01/10/18 to 31/03/19.

Any help would be appreciated.

1 reply

MaryLandT
MaryLandT
May 18, 2020

Thank you for contacting us, darkred1,

 

You'll want to enter 01/04/2020 as the effective date on the VAT settings to pull up the return. Doing so will help you record a historical payment. 

 

Let me show you 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 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. 

The VAT exceptions and reports page will tell you more about this and what to do if you need to change the amount.

 

Stay in touch if there's anything else you need. I'm always right here to help.

 

Thank you and stay safe!

D
darkred1Author
May 19, 2020

Sorry, but this doesn't seem to work. Absolutely nothing changes. No previous reports. When I return to the edit settings page the effective date has reverted to 31/03/2019 regardless of what date I enter here.

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