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June 22, 2019
Question

Hi, how do i know if i will hit the vat threshold in a 12 month rolling period, are there any alerts i can use with my QBO account ? . thanks barry

  • June 22, 2019
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1 reply

RenjolynC
June 22, 2019

It's great to be notified when you reached the threshold, Barry.

 

For now, the available option is to run the VAT Summary report. This gives you the information if you've reached the threshold for the 12-month period. 

 

To run the report, here's how:

  1. On the left panel, click Taxes.
  2. Under Open returns, click the Prepare return link.
  3. Select View Summary from the drop-down list.
  4. Choose the Report period and click Run Report.

You can also go to the Reports section and click the VAT report under Manage VAT.

 

I'm also including these articles for your reference.

If you need anything else, feel free to leave a reply on this thread. Thanks.