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mg-ecomergy-net
July 27, 2021
Question

How do I setup a VAT group across three client companies

  • July 27, 2021
  • 1 reply
  • 0 views
I have three client companies, each with their own account file. All client companies have the same accounting period dates. No VAT codes have been issued to date. I'm about to apply for a group VAT code for the three client companies QUESTION: How should I setup the three QB account files to report VAT on a group basis?

1 reply

MJoy_D
MJoy_D
July 27, 2021

I can show you how to report or submit your VAT return, @mg-ecomergy-net.

 

You can use our bridging solution to submit or report for VAT Groups. Before doing so, you must set up a new agent services account with HM Revenue & Customs (HMRC). You'll need this agent services account is needed to access new HMRC online services.

 

Then, you're required to authorise QuickBooks to interact with HMRC to submit VAT returns on your clients' behalf. Lastly, set up your MTD client in QuickBooks.

 

For detailed guidance about the entire process, refer to this article: Setting up MTD-eligible clients on HMRC and QuickBooks.

 

Once done, you can now file a VAT return through our bridging software from the Taxes menu. See this article for more information: Set up an agent services account - MTD for accountants.

 

The following article will show you how to keep your financial records in a digital form and submit VAT returns using approved software: Submit a VAT return through bridging software - MTD for small businesses.

 

Let me know if you have questions in filing VAT returns by leaving a reply below. I'm always glad to help in any way I can. Have a great rest of the day!

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