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There are three ways to handle exceptions: you can include them in the current submission, adjust and include them a previous submission, or defer them to the next submission. This article will walk you through each option.
Introduction to Exceptions
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You can access the Exceptions tab once a submission is generated and saved.
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There are 3 ways to handle the exceptions identified. The first option is to adjust transactions individually by selecting the 3 dots and choosing one of the options.
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The second option is to select multiple transactions by ticking the boxes and handle these exceptions at one go for a faster and more efficient experience.
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The third option is to select all transactions by clicking the tick box on the top.
Let's have a look at how to handle the Exceptions Captured!
1. Include transactions in the current submission
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You can take action on each transaction individually by clicking the three dots next to it.
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The first option is to include the transaction in the current submission. Once this is selected, you will see the Action column showing the transaction as **Included**.
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Once you save the submission, you can go to the Transactions tab to see the adjustments.
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You can see any adjusted transactions in the current submission marked at the top of the list, highlighted in a green colour to be easily identified.
2. Adjust in a prior submission
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The second option is to adjust the transactions in a prior submission.
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You will be prompted to choose from a previously submitted VAT return period from a list of submissions.
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Choose a date for the adjustment submission.
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Once the data is chosen, you can click Save.
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You will see the chosen transaction/s as **Adjusted** in the exceptions transaction list.
After submitting the current return, you can go back to the previous submission and review the details of the exceptions included. The necessary adjustment can then be submitted to the authorities outside of generate.tax.
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Once the adjustments are submitted, you can go to the previous submission where you adjusted the transactions.
