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June 1, 2023

It’s No VAT or Out of the scope of Vat, Conor. Let me share information about VAT codes in QuickBooks Online (QBO).


Any goods or services bought or sold outside of the EU are exempt from VAT or no VAT system.


Check out this article to learn more about the list of common VAT codes and how they’re used on the sales and purchase forms in QBO: A complete guide OF VAT codes. This reference is intended for United Kingdom users. But the information also applies to other regions like yours.


Moreover, here are some resources you can use in case you haven’t set up VAT yet and get insights on how the program automatically tracks sales tax for you:

 


I'm just a post away if you have any other concerns or follow-up questions about taxes. Stay safe always.