Adjust your VAT liability

To adjust the tax you owe:

1. In the navigation bar, click VAT.
2. On the VAT page, click Prepare VAT.
3. Click Adjust in the VAT line that you want to change.
4. Choose an Adjustment Date and VAT rate.
5. Click the Adjustment Account drop-down list and choose an account.
   • If you are making the adjustment because you received a credit and you owe less VAT to the government, choose an income account that you create for this purpose.
   • If you are making the adjustment to include a fine, penalty, or interest on a VAT return, choose an expense account, such as Interest Expense or Non-deductible Penalties.
6. In the Amount section, enter the amount of the adjustment.
7. (Optional) Enter a memo to describe the adjustment.
8. Click Save.

See also

What happens after you enter a VAT adjustment?

Adjust a previously-filed VAT return