How can I delete a VAT payment that will now not be made?

Hi everyone, I'm new to the group but have a question re recording the current VAT deferment for due to the coronavirus. Our VAT return was submitted on 2nd March for period December 2019-February 2020, and payment was set to come out of our bank account on Friday 27th March. I had recorded this payment with this date in our accounts, marking the VAT return as paid; however with the VAT deferment scheme we will now be withholding the payment as things are looking very tight financially for the next while...anyway how do I delete/amend the record of the VAT being paid, as this will now not be done for a  few months yet. I've searched the FAQ but nothing comes up, and can't delete the return as it has already been submitted.

Thanks everyone :) 

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  • Hi Jane

    Thanks for contacting Sage City

    If you go to the bank account, locate the VAT payment, as long as the payment has not been included in a finished bank reconciliation, then click the box to the left and you will be given the option to delete (new menu above the header bar) this will remove the payment and show the VAT return as unpaid.

    If you have any questions or problems doing this then please do call us (Sage) on 0191 479 5911 and we will be able to look at this with you.

    Regards

Reply
  • Hi Jane

    Thanks for contacting Sage City

    If you go to the bank account, locate the VAT payment, as long as the payment has not been included in a finished bank reconciliation, then click the box to the left and you will be given the option to delete (new menu above the header bar) this will remove the payment and show the VAT return as unpaid.

    If you have any questions or problems doing this then please do call us (Sage) on 0191 479 5911 and we will be able to look at this with you.

    Regards

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