Any VAT return that has already been processed and submitted to HMRC will be saved on Clever Accounts indefinitely.
It's always useful to be able to view past VAT returns that you have submitted:
- Checking against current returns to check accuracy and ensuring all receipts are declared.
- Check against returns to compare the same period in a previous year or previous period.
- As a historic data source in case HMRC ever want to investigate the VAT side of the business.
Note that all records here are read only and no changes can be made to any transactions listed within each return.
Saving a return marks all transactions as being claimed but also stops you from making adjustments to the amount or date of the transaction. This is to prevent you from adjusting details on the transaction that could affect the VAT return calculation.