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May 27, 2019
Question

I will like to know, why vats on my purchase dont come up in my vats reports?

  • May 27, 2019
  • 1 reply
  • 0 views
i expect to be paid back vat returns, but instead i owe returns, i dont understand why it like this.

1 reply

Rose-A
May 27, 2019

Thanks for checking in with us, amazingbeauty13.

Welcome to the Community. I'm here to help and provide some overview of the Purchase Vats via QuickBooks Online.

 

If you're using the Flat Rate Scheme (FRS) option, make sure to select the VAT Reclaimed box when purchasing to your vendors to show the Vats in the report.

 

 

However, if you're using the Custom tax option, you'll need to select the This tax is collected on purchases in the Taxes settings.

 

 

You may find these articles helpful:

 

Let me know how it goes. I'll stick around to help you out with your Vats report in QuickBooks Online.