VAT journal

Question

I&rsquo;ve posted a journal to reverse the vat on some sales invoices - they should have posted as T9. 
 now I&rsquo;ve created my vat return this journal is in box 4 not box 1. Do I need to post a journal to correct this?

Andy Rickeard · Answer

Hi Maria, Thanks for using Community Hub. Ideally we'd need to know what you'd posted to be able to look at how it affected the VAT Return, however, you could back up your data, reverse the journal and then post again. If you would like to increase the value in box 1 you can post a journal credit to nominal code 2200 with a tax code of T1 If you would like to decrease the value in box 1 you can post a journal debit to nominal code 2200 with a tax code of T1. If this helps, please click Verify Answer . Regards, Andy Sage UKI

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VAT journal

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