Making Tax Digital
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I have the message "Cannot connect to HMRC right now". I have signed up for MTD. I have a confirmation email saying I am enrolled. The VAT number in QB is the correct VAT number. What else can I do?
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Hi,I have used the bridging software for 19/20 and transferred my spreadsheet output for the VAT 100 generated by my Desktop QB since MTD started. 20/21 we are fully over to the online QB and invoices and payments for the early part of 19 have been copied across. I am left now with a VAT exception item for each invoice entered since 1st April. This results in a large unfiled VAT amount. I have tried adjusting but the adjustment is applied to the current VAT not the incorrect exception.
We are aware that HMRC are currently experiencing technical difficulties which may prevent some customers submitting VAT and RTI through QuickBooks. We recommend re-trying your submission later. Please visit HMRC.gov.uk for updates. We sincerely apologise for any inconvenience.
Hi I am working on submitting my VAT return. On my VAT return, the "tax point" for all my sales and purchases is the date of the invoice, not the date on which I pay the invoice or receive payment. I am on the most basic quickbooks online and it seems I can only record expenses that have been paid. How do I get MTD VAT on quickbooks to recognise the invoice date of expenses rather than the payment date so that the expenses full within the correct VAT return period? Thanks
I'm trying to submit a VAT Return using the Flat Rate VAT Cash Based Turnover scheme but I can see how to amend the report on the file using MTD page. It is only giving the option of
I have two customers (one inparticular) that is very discreet about their work - for the record, not from an illegal POVWhen filing a VAT return through MTD what information does HMRC actually receive, is it a list of all transactions or is it just the VAT return itself ?
I have QuickBooks self-employed does this need to be sent to a accountant at the end of my tax year or is this done automatically through digital HMRC please can someone advise me.
Being a new customer which has been registered with HMRC I am not sure what I need to do when I get into the account how I go about making entries for my October invoices
After a long call to the Intuit Help Desk yesterday (and they were very helpful) I now have the correct VAT Return ready to file. However, I am getting an authentication error when trying to file the VAT Return with HMRC. The credentials I'm using are correct (username/password) as I am able to log in directly to HMRC. What can be the cause of this? Thank you, Sarah
Having problem in getting into my account
HiAround the 12th Sept using QB MTD link within the VAT window we filed our VAT quarter return to 31/08/19We were confirmed as LOGGED IN, we altered the dates as our quarter has been changed to match our year end.We also made some figure adjustments as we are Flat Rate.All figures matched and the FILE NOW link was clicked.VAT Summary report showed correct figures.Today VAT summary report ( same date period) shows all zero's, suggesting the report was filed.VAT Control account shows General Journal entry for 31/08/19 as vat0020 along with the correct figures As of today 07/10/19 HMRC have no record of the return and suggest the problem must be within the software, eg QBooks.We are running Desktop 2019 Pro Can anybody help please.
Hi I've entererd the wrong government gateway to my Quickbooks account - how can I change this?
About Making Tax DigitalMaking Tax Digital – or MTD as it’s often called – is the UK’s biggest tax shake-up in a generation. Making Tax Digital is HMRC’s plan to bring UK tax into the digital age, beginning in April 2019. In a nutshell, every UK business will be affected. Here’s what will change: All business-related transactions will have to be recorded digitally using MTD-compliant software or apps.Tax returns will have to be submitted to HMRC in a digital, MTD-compliant way. If you’d like to learn more about MTD then read on or check out the QuickBooks MTD hub. Which businesses are affected Businesses with an annual turnover above the VAT threshold (currently £85,000) will be required to keep their records digitally and file VAT returns online on a quarterly basis. Businesses who are currently exempt from having to file VAT returns online will also be exempt from MTD until otherwise notified by HMRC. MTD timelinesBusinesses with a turnover above the VAT thr
So it seems this MTD is much more problematic than originally conceived.. I have been informed through QB Online that I was due to submit a VAT Report on the 7th August, like pretty much everyone else. However, having been issued 2 notifications that I needed to submit a first VAT Report for months April to May, I responded to one, which was registered as 'Accepted' by HMRC, but the other (duplicate) demand for a report (for same period) remains open. And there's no indication of how to now submit my VAT Report for 7th August, now past of course. In the meantime, HMRC, all powerful as they are, issued a demand for a calculated VAT sum of over £1000 for the period covered by the first report, which they received, but did not receive. Advice please. Like many others, I'm feeling a little hung out to dry here, uncertain of who is to blame for this shambles and vulnerable to the redations of HMRC who, for whatever reason, are not getting the data they require.
Using MTD and submitting returns, however when using the old HMRC site - they would send reminder that return was due. Secondly once the return was submitted - the printed return would show payment due date Two very usefull tools - are quickbooks looking to add this to their service?
Most businesses with a taxable turnover of £85k or more need to comply with HMRC’s Making Tax Digital (MTD) for VAT. If you haven’t already done so, visit HMRC’s website and sign up to Making Tax Digital. You should wait 5 working days after your last VAT return has been submitted. 1. Sign up for MTD with HMRCIf you haven't already done so, visit HMRC’s website and sign up to Making Tax Digital. You should wait 5 working days after your last VAT return has been submitted. 2. Enable MTD in QuickBooksOnce you've received a confirmation email from HMRC, you can enable MTD in QuickBooks. Don't delay! It can take up to 10 business days to get set up. If you pay by Direct Debit you need to sign up at least 7 days before your next return is due. And, it takes up to 3 days for HMRC to confirm that you're signed up to MTD. Failure to comply could result in financial penalties from HMRC.
Reading blocks of text or watching videos isn't ideal when you need a quick tip. So, we're happy to introduce Smart Tips to the QB Community! Smart Tip 1: Not sure if you have successfully signed up to MTD with HMRC? HMRC will send you a confirmation email within 72 business hours of signing up to Making Tax Digital. If you pay VAT by direct debit, you cannot sign up in the 7 working day window leading up to the payment deadline or the 5 working days after sending a VAT return. Smart Tip 2: I am getting ready for MTD in QuickBooks. Is there a quick check I can do? Log in to QuickBooks and mark your previous returns as filed if you have already submitted them to HMRC. Remember to check the dates of your previous returns and make sure they match the dates that you previously reported to HMRC. Smart Tip 3: Issues connecting to HMRC for MTD? Here are a few things to know: HMRC will se
When using Lists-Chart Of Accounts, when creating an Expenses Account the option to input a VAT Code is available. However when I try to create an Income Account it isn't. How do I allocate a VAT Code to my Income Accounts. Thanks
