VAT
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A client is not VAT registered but VAT column shows on Invoices and Quotes etc.?This is annoying as every line item has to be changed. The client was previously VAT registered, but has not been for more than 5 years. The import file would have included these old transactions which included VAT.ThanksMandy
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We are not VAT registered and never have been. I'm not sure if there has been a software update but now when trying to add bank transactions it won't add them without me specifying a tax rate.I've tried to set the default to No VAT as suggested in other posts but it has to keep being made the default if a transaction set hasn't been given the default before. This is really frustrating and wastes a lot of time. Please help.
My company has deregistered from VAT as from 01/03/2020. How do I make the necessary changes?
Good day, We use WHMCS, which syncs with our Quickbooks online. Since the update, clients that we have set up to not have VAT added to their invoice (due to them being international clients), when the invoice is pushed to Quickbooks, Quickbooks adds Capital tax.I then have to physically remove the VAT. How can we alleviate the issue that when the invoice is pushed through, the VAT is not added. Look forward to your response. Hope you have a lovely day!
As the vat rate increased effective 01 April 2018, with no news from QB, I created a new tax code for 'standard sales & purchases'.Today, a communique arrives from QB re the updated tax code.As I now had 2 tax codes referring to 'standard' tax, I cancelled the one I created.How do I find this tax code and reactivate it as the programming from our Sales shops on Shopify has been set up using the code I created.Under Taxes - Edit rates - there is no record of my tax code created and therefrom the opportunity to reactive it.Help please. Thanks
How do I record the payment of VAT and income tax without them appearing as expenses and then showing in both the P&L account and the next period VAT return as a purchase amount?
I want to know how to enter a payment of VAT to SARS, correctly debiting the bank account and reducing the Current Liabilities VAT Payable account at the same time
I saw previous answer said we will have to use duel vat fields if this is so i need to set up the new VAT code & need help in doin so please
