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Sparx
October 6, 2019
Question

I seem to have 2 VAT settings set up, one showing balances and the other not. How can I get rid of the unwanted one?

  • October 6, 2019
  • 1 reply
  • 0 views
  • If I og in to Taxes, along the top of the screen I seem to have 2 settings for VAT, one called HMRC VAT and one called Vat Agency. All the sales and VAT information is showing on the VAT agency but not on the HMRC VAT, so I am currently unable to file a return using MTD. The MTD is ticked enabled on the HMRC VAT, but there are no figures showing for the return period. We are on the FRS scheme.

1 reply

Kristine Mae
Kristine Mae
October 6, 2019

Your observation is right, Sparx. You've set up 2 VAT agencies. I can help you get rid of one of them.

 

We're unable to delete the other VAT agency. What we'll have to do is to turn off the VAT codes under the incorrect agency, then let's make sure all transactions are using the VAT codes of the correct one.

 

Here's how to disable the VAT codes:

  1. Click Taxes, then go to the VAT tab.
  2. Click Edit VAT.
  3. Select Edit rates.
  4. Select the codes from the incorrect agency, then turn it off.
  5. Click Yes to confirm.

Once done, you'll have to change the VAT codes in each transaction manually. This way, the amount will show in the correct MTD VAT return.

 

Then, you're ready to submit the tax return to the HMRC. 

 

Feel free to get in touch with us again if you have other VAT concerns. We'd be happy to work with you again. 

S
SparxAuthor
October 6, 2019
  1. Hi. That's great thank you. I have now turned off the tax code for the Vat agency. Where is the best place to change the vat code for each transaction to the correct agency please? Thanks
Kristine Mae
Kristine Mae
October 6, 2019

You're welcome, Sparx. Let's go ahead and change those codes.

 

Let's pull up the VAT Liability report. This will provide us the VAT code amounts. From there, we can pull up each transaction and change the code. 

 

Here's how:

  1. Go to Reports.
  2. Enter VAT liability report in the Find report by name field.
  3. Click the VAT amount to open the list of transactions.
  4. Click the transaction type to open the transaction's detail.
  5. Change the VAT code, then click Save and close.

Just follow steps 4-5 to change the codes in all transactions.

 

I've attached screenshots to better guide you.

 

 

 

 

 

 

 

 

 

Let me know if you need more assistance. I'll help you in any way I can. 

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