Hi could someone help? In an effort to bring my VAT returns up to date I clicked on the first quarter item that was available on the HMRC list, Put in the return and then discovered later that it was actually Q2 rather than Q1. Q1 is not available to put in now. Do I need to correct this before putting Q4 in?
Regards
Joe
Hello Joe
You can view older periods in
Reports > HMRC
Click View next to your Tax account > Vat Obligations
You can then use the previous year and next year options to look through the periods.
Great see it now thanks
Now the next issue that arrises is…
There were a few payment out of the business acc made to family members for the purchase of a family home. I set these individuals up as suppliers and tagged the payment to each of them. I now realise these payments should have gone to my Proprietors Drawings. Unfortunately these had already gone through on the Q2 Vat return as individuals. So I rolled back that Qtr return to unlock those payment so as I could correct them. I see they are now unlocked and ready to change. Going to do that soon, but will these changes adjust themselves off the Q2 return as they are in the Q1 period not yet submitted ,or will they need to be manually adjusted off the Q2 return?
Hope that makes sense.
Appreciate you help
Thanks
Joe
Hello Joe
Any adjustment you have made will affect the period at the point it is submitted
So they will show on the Q1 return once changed
When you re run the Q2 return it can not be submitted again and will show as saved.
So that you don’t double report this you will need to make an adjustment to the Q3 return to reverse the Q2 postings already reported
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