The Open returns serves as the return based of the transactions. There isn't a way we can cancel an open VAT in QuickBooks Online (QBO). You can only edit or adjust the return as well as view the reports from the Prepare return drop-down.
You may want to check out this article to learn more about the whole process of submitting a VAT return in QuickBooks Online: Submit a VAT return in QuickBooks.
Should you need help or questions with something else, please don't hesitate to get back to me. It's always my pleasure to help.
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