VAT on past Invoices and Purchases

Accounting
1

Hi,
I have recently registered for VAT. I want to reclaim VAT since April 2020. I have noticed that my past invoices and purchases do not have VAT. I can go into each one individually and change it, but this is going to take ages.

Is there a quicker way to change past invoices and purchases in contain VAT?

Thanks,

Joan

2

Hi @joan.darcy

Have you set your VAT start date in QuickFile as April 2020?

3

Yes, ll that will do make sure all purchases and sales are included in my next VAT claim. It does not alter the VAT on invoices.

4

You have to reclaim pre-registration input VAT manually - you can’t just go back and retrospectively change your VAT status. I find the easiest way to do it is to export all the transactions in the correct date range into Excel, then use a formula to work out the VAT you can claim. This is then added as a manual adjustment to your first VAT return.

2 Likes
5

I will do that. Thanks

6

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