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March 10, 2019
Solved

We have recently gone VAT registered and want to claim VAT back on laptops we purchased a year ago, as they dont fall in the current VAT period how do I get the VAT back?

  • March 10, 2019
  • 1 reply
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Original commenter did not share additional details
Best answer by emmam6

Hello Community Users, we just wanted to pop in and update this thread. If you have not done any returns in Quickbooks and you want to claim Vat for a previous period not claimed for purchases. The way to do this would be by doing an adjustment on the specific box in the prepare return section (the VAT 100)

 

The steps to do this are shown below however we have included a more comprehensive article on how to do VAT adjustments here .

1.Go to Taxes and click on Prepare return.
2.Click the Adjust option next to the Box you wish to adjust.
3.Enter the Adjustment amount.
4.Add a memo about the adjustment.
5.Click Save.


We'd recommend consulting HRMC to verify if you'll need to reclaim VAT on semi-annual or if it's for the first quarterly submission.
Any questions feel free to ask them on this thread.

1 reply

March 11, 2019

Hello kevinneal,

 

Welcome to the Community - thank you for your question!

 

We advise that you speak to an accountant on how to do this - we are not accountant trained and so are unable to suggest how you would enter this correctly so you are able to claim the VAT back.

 

Thanks,

 

Talia

emmam6Answer
May 25, 2023

Hello Community Users, we just wanted to pop in and update this thread. If you have not done any returns in Quickbooks and you want to claim Vat for a previous period not claimed for purchases. The way to do this would be by doing an adjustment on the specific box in the prepare return section (the VAT 100)

 

The steps to do this are shown below however we have included a more comprehensive article on how to do VAT adjustments here .

1.Go to Taxes and click on Prepare return.
2.Click the Adjust option next to the Box you wish to adjust.
3.Enter the Adjustment amount.
4.Add a memo about the adjustment.
5.Click Save.


We'd recommend consulting HRMC to verify if you'll need to reclaim VAT on semi-annual or if it's for the first quarterly submission.
Any questions feel free to ask them on this thread.