Hi - I've used the wrong FRS VAT code for a couple of quarterly submissions. Any idea how I check each quarter's rate and adjust it if it's wrong?

Hello, kiaranuk.

I have a solution to help you correct your FRS VAT code. 

We're unable to check the rate for each quarter. Although, you can use the last FRS rate as a reference in your rate settings. You can also correct it from there. 

Here's how: 

1. Go to Taxes.
2. Click the Edit VAT button.
3. Choose Edit settings.
4. Change the rate under the Industry flat rate percentage (%) section. 
5. Hit Save. 

The new rate will reflect on the current quarter. 

If you haven't marked the return as filed, you can adjust the amounts accordingly to correct them. Here's how: 

1. Go to the VAT tab in the taxes page. 
2. Find the quarter's return under the Open returns section. 
3. Click Prepare return. 
4. Hit the Adjust link to correct the amount, then review the details. 
5. Once done, click the down arrow then select Mark as filed. 

If you've already marked it as filed, you'll want to contact us so we can unfile it for you. Our support has the tools to unfile the return and help you adjust the amounts. 

If you've submitted this to HMRC through QuickBooks, the correction will be automatically reflected as an exception in the next quarter. Here's how you can view it:

1. In the Taxes page, look for the current open return. 
2. Click the down arrow below the Action column.
3. Select View exception details. 

I'd also recommend contacting HMRC to check the correction details for the filed submissions. 

You can check our VAT articles if you need further assistance. 

If you need help on other tasks after correcting the submissions, you can visit our Help articles portal for QuickBooks Online.

We're willing to listen if you have other concerns regarding QuickBooks Online. Just post a reply and we'll get back to you.