Skip to main content
August 29, 2023
Question

Can someone tell me what vat code i use when inputting bills from subcontractors ..We are based in Ireland

  • August 29, 2023
  • 1 reply
  • 0 views
Subcontractor don't charge the vat .we are responsible for it so we have to show the 13.5 % vat rate on both sides

1 reply

Rubielyn_J
August 29, 2023

Thank you for reaching out to us with your question about VAT codes for inputting bills from subcontractors in Ireland, Sales.

 

I'm here to provide some insights and help you navigate through this process seamlessly.

 

To enter a VAT code that is more suited to the needs of your business, here's how you can create a new one:

 

  1. Navigate to Taxes and select VAT (Take me there).
  2. Click Add Tax.
  3. Choose Custom tax: Add a tax agency and a tax percentage, such as an environmental levy, hotel, or petrol tax.
  4. Click Save.

 

For more details, you may consider checking out this article: Create a new VAT code in QuickBooks Online.

 

With regards to the code you'll need to use, it's a good practice to consult your tax agency to ensure you're accurately following the current tax regulations and guidelines. VAT rules and rates may change, and it's important to stay up-to-date to remain compliant.

 

I'm adding this link you can utilize to find the list of common VAT codes. It also includes how they’re used on the sales and purchase forms in QuickBooks Online: VAT codes in QuickBooks Online: A complete guide.

 

If you have any more questions in the future, whether they're related to VAT, accounting, or any other topic, don't hesitate to reach out to us. Our goal is to ensure your experience with us is smooth and that your needs are met.