Hello there, Daz.
If the connection for Making Tax Digital (MTD) has been set up, the option to prepare a VAT return will automatically be displayed in your QuickBooks Online (QBO) account. However, if you don't see this option available, it may indicate that it's not yet time for you to file or submit your VAT return.
If your accountant was the one who initially set up the connection and it is no longer accurate, I recommend disabling the MTD feature in QuickBooks. This will help minimise the risk of any incorrect VAT postings.
Let me walk you through the steps for a seamless process:
- In your QBO account, click on the Gear icon, then select Account and settings.
- Go to the Advanced tab, then click on the pencil icon next to the Making Tax Digital section.
- Select Learn how to Disconnect and follow the steps. Note: You can always turn on MTD for VAT and authorise QuickBooks again.
For detailed information, kindly visit: Turn off VAT in QuickBooks Online.
To ensure that you can successfully file and submit your VAT return, I recommend contacting HMRC (Her Majesty's Revenue and Customs). They will be able to assist you in adjusting your filing information accordingly.
Additionally, I recommend exploring this article that provides detailed information on how to adjust your VAT liability, what happens after making a VAT adjustment, and important considerations to keep in mind before submitting a VAT return: Make VAT adjustments in QuickBooks Online.
Please let me know how it turns out by adding a comment below. I'm always around and prepared to offer any necessary assistance you may require.
