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January 27, 2020
Question

Two transactions from a previous vat period which have already been claimed for are now showing as exceptions in my current return. What should i do? Should i adjust it?

  • January 27, 2020
  • 1 reply
  • 2 views
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1 reply

Level 7
January 27, 2020

Good day, @yeolderockinn.

 

VAT Exceptions are transactions previously filed but was changed, deleted, or added. No worries though, since this is perfectly normal and will not affect the balance of your filing.

 

If you wish to make certain adjustments on the return, I recommend consulting your accountant first to ensure everything is correct. They can view current or previous adjustments by going to the chart of accounts.

 

For more information about exceptions, I recommend checking out this article: VAT exceptions and reports.

 

Post again in the Community if you have additional concerns. I'm here for you. Have a pleasant day ahead!