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Mar 19, 2019 10:53 AM UTC
Solved

How to file partial exemption VAT returns in QB?

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Mar 19, 2019 11:43 AM UTC

Hi lyndsay

 

QuickBooks online doesn't directly support partial exemption VAT returns. You could input the transactions with standard VAT codes and then do an adjustment (however we advise that you seek advise from accountant to establish if this method is acceptable) or do the calculation outside of QuickBooks using Excel and use the bridging tool to submit the return to HMRC in accordance with MTD.

3 replies

Mar 19, 2019 11:43 AM UTC

Hi lyndsay

 

QuickBooks online doesn't directly support partial exemption VAT returns. You could input the transactions with standard VAT codes and then do an adjustment (however we advise that you seek advise from accountant to establish if this method is acceptable) or do the calculation outside of QuickBooks using Excel and use the bridging tool to submit the return to HMRC in accordance with MTD.

Apr 2, 2020 1:46 PM UTC

Hi

Where did you get that riding tool please

Apr 2, 2020 3:22 PM UTC

Hello Modern Taxation, 

 

Welcome to the Community page, 

 

The bridging tool is on hmrc's website where you would be able to do the submission.