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Mar 9, 2021 5:34 PM UTC
Question

i have an insurance excess to pay on a claim £100 and £600 VAT to pay as we are VAT registered how do i put this on VAT return so i can claim the VAT part back

i have an insurance excess to pay on a claim for £100 and £600 VAT to pay as we are VAT registered

How do i put this on VAT return so i can claim the VAT part back

1 reply

Mar 9, 2021 7:03 PM UTC

Thanks for sharing your concern here in the Community, lorna6.

 

You'll need to create an offsetting Journal or Expense depending on the transactions. Thus, I recommend reaching out to an accountant to guide you with the process. You can also check out this link: https://quickbooks.intuit.com/uk/find-an-accountant/, to find an accountant near you.

 

I've also included these articles that'll help you in managing your VAT return in QuickBooks Online:

 

Please keep me posted if you need assistance with your other QuickBooks tasks. It's always my pleasure to help you out again.