QBSE - Why does my tax appear to be at 10% not 20%? Example. I have £330 in income and estimated tax is £33.

I can help you check why your tax appears to be at 10%, @josh-highcleredi.

Currently, there's no way to add or set up VAT in QuickBooks Self-Employed (QBSE). One thing I can think of is that the income and estimated tax is added as a line item when recording invoices. To change the tax amount, you can open the invoice created then update the amount equivalent to 20% of the sale/income.

To know more about how taxes are track and calculated in QBSE, open the details from these links:

• How QuickBooks Self-Employed tracks self-employment taxes
• Pay federal estimated quarterly taxes in QuickBooks Self-Employed

Let me know if you have any other questions. I'm a few clicks away to help. Have a good