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Ailsa Berry
April 7, 2021
Solved

CIS RC on Cash VAT scheme

  • April 7, 2021
  • 1 reply
  • 0 views

Has the problem of drc invoices not showing in vat return until they have been paid when on cash accounting been resolved yet?  My first return that includes drc invoices is the quarter ended 31/3 and when I ran the vat report this morning the only ones that appeared were the ones which had been paid.  The ones which are outstanding but have drc vat on were not included when they should have been.  Am I going to have to adjust my vat return to include these invoices and then remember next quarter which ones have been included in this quarter? Or has the reporting of these types of invoices been corrected?  If not WHEN will they be correct?

 

Surely this should have been sorted by now!?! 

Best answer by payment after leaving

Hi Ailsa We recommend contacting our support team so they can escalate the call to our Tier 2 department who will guide you through the workaround for this issue:0808 234 5337.

1 reply

M
MirriamM
April 7, 2021

Hi there, @Ailsa Berry.

 

In QuickBooks Online, when the RC code was used on the transaction, the VAT amount will not show on the VAT return. But if you want to post the VAT amount on the VAT return, I recommend contacting your accountant to help and guide how to record this work. Your accountant can provide more expert advice in dealing with this concern.

 

I understand how the feature you are looking for would be useful in the system. In the meantime, I encourage staying current on all the QuickBooks news and announcements by visiting our blog. 

 

Here's the link for reference: The QuickBooks Blog UK. Just click on the Newsletter signup button and enter your email address. Then, select Subscribe. This way, you’ll receive email updates about what new changes and features, and hopefully your suggestion would be one of them.

 

If you have followed up questions concerning your QuickBooks account, please keep me posted. I am more than happy to help. Have a great day.

A
Ailsa BerryAuthor
April 8, 2021

Hi MirriamM

@MirriamM wrote:

Hi there, @Ailsa Berry.

 

In QuickBooks Online, when the RC code was used on the transaction, the VAT amount will not show on the VAT return. But if you want to post the VAT amount on the VAT return, I recommend contacting your accountant to help and guide how to record this work. Your accountant can provide more expert advice in dealing with this concern.

 

I understand how the feature you are looking for would be useful in the system. In the meantime, I encourage staying current on all the QuickBooks news and announcements by visiting our blog. 

 

Here's the link for reference: The QuickBooks Blog UK. Just click on the Newsletter signup button and enter your email address. Then, select Subscribe. This way, you’ll receive email updates about what new changes and features, and hopefully your suggestion would be one of them.

 

If you have followed up questions concerning your QuickBooks account, please keep me posted. I am more than happy to help. Have a great day.



I think you have misunderstood! The net sales figures of  cis rc invoices do not show in box 6 of the vat return!  I know the vat will not show in box 1 but the net figure should show in box 6! It is a legal requirement!!!! And by the way I am the accountant!!!

I want to know when this error will be fixed or will I need to amend my figures in box 6 to show the cis rc invoices for the next how ever how long?  How am I going to charge for doing this extra work? I can't charge my client when it is the software's incorrect calculation of figures in the vat return can I!?!

P
payment after leavingAnswer
April 8, 2021

Hi Ailsa We recommend contacting our support team so they can escalate the call to our Tier 2 department who will guide you through the workaround for this issue:0808 234 5337.

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