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Correcting a VAT error


#1

I started using Quicklinks from the start of my most recent accounting year - Nov.1 2018. I have just discovered that I claimed a VAT refund on an ineligible item in the previous year. Thus I need to create a new ledger entry that is pure VAT. I’ve no new sale or purchase to record; I just need to repay approximately £1,100 of VAT and as I’m using Quicklinks to do my VAT returns for hereon (I’ve also signed up for the MTD pilot) I need to record this now. However, the ‘sales’ invoice page doesn’t allow me to record ‘0’ in the price column and ‘1100’ in the VAT column. Can you help please


#2

Hi @kieran

You would need to use 2 separate lines for it to become a “VAT only” invoice.

This post may help, as another user explains the process in relation to an insurance payment: Claiming VAT Element of Insurance claim


#3

Great. thanks. i appreciate the advice


#4

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