VAT
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Can you please help? I have been waiting months for a VAT Number and have finally got one. I need to pay or claim Vat going back to 1st Feb 2023. I have set the Vat up on Quickbooks and tested one invoice to see if it works and yes it does. My problem now is over the months since 1st Feb I have entered hundreds of invoices and payments from customers so is there an automatic way I can change them to show the Vat value or do I have to edit each one separately?
When creating a Sales Invoice where amounts are 'inclusive of VAT', the VAT is calculated by Quickbooks by rounding down rather than up. e.g. In QuickbooksRate: £474.99Quantity: 1VAT: 20%VAT Total: £79.16 However, the VAT is actually £79.165 so should be rounded up to £79.17.Therefore the totals do not match my Sales System receipts (Shopify) which correctly rounds VAT up. Solution please?
It's a little disturbing but I can't seem to view any VAT return prior to Feb-April 2022 return. All reports prior to this are blank. This is the same in both my companies I have on QBO.As secondary thing I've just pulled up the previous VAT 100 reports prior to 2022 and they are ALL wrong. Like, totally and utterly wrong. See screenshot of negative sales and purchases. I've tried this on 5 different iOS device using Safari, 3 Macs on both Safari and Firefox and a Windows PC using Firefox. It would be more constructive if NONE of the Intuit forum bots NOT reply with their usual copy and pate answers that would be a good start. Having detailed reports from accounts is a legal requirement. A detailed explanation would be welcomed as this is very concerning.
I am looking to create a report that gives me the transactions with VAT and transactions without VAT over a period of time- I need a total for each of these. This is not the VAT 100 report. Could anyone give advice please as to what report I need- ideally one report would be great!
I'm getting this error when trying to submit my VAT return with bridging software Something went wrongTry again now or come back later if you're still having issues.( I have attached screenshot) I have been trying since yesterday, still not going through, I tried resetting the connection with HRMC but no joy , the spreadsheet is loading okany advice ?M
the extra tax is for machine games duty
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Hi there, I've paid our first VAT bill and recorded it in the taxes section of Quickbooks online, but the amount appears to be sitting in our charges account in quickbooks? Any suggests what I've done and how I can fix it? Many thanks! Heather
Hello, I'm entering previous VAT payments into QBO from QBDT, I've finally managed to do one correctly after editing the heck out of the wrong figures (Thanks MMB !!) and it was paid on Feb 20th 2023So, I go to check all is ok and QBO decides to make the payment date of June 30th 2023 !!, how can I change the VAT payment date as it doesn't seem to allow me to do this and if not, it's yet again messed up my June 2023 bank statement figuresThanks if you can help
I need to find a way of splitting a transaction into "Income" and "100% VAT" For example: Split: £2300 into £2000 income and £300 pure 100% VAT payment. The company I am currently working for has me invoicing for VAT separately but due to payroll structure I will be payed Week 3s salary with week 2s VAT payment (for example). So far I have been unable to find a way to make QBO accept this structure though I confess I am fairly novice. Any ideas or solutions would be greatly appreciated.
Hello! We are a UK VAT registered e-commerce store with 3PL warehouses in the UK and USA. We have correctly been using 20% S for UK sales, and 0% Z for EU sales (exported from the UK). BUT - we have also been using 0% Z for USA and Canada sales based from our USA 3PL warehouse. That's what an accountant told us to do. Until we read the following just now on the HMRC website: 2.2 Place of supplyGoods are normally treated as being supplied where they are located at the time of supply and not where the supplier is located.Goods located:outside the UK are not exports and the supply is outside the scope of UK VAT So we now switched all USA and Canada sales from 0% Z to NO VAT, as we ship from the USA, not the UK. Thankfully that didn't result in us overpaying or underpaying VAT, but we're concerned about the future large drop in zero rated transactions due to attributing all our USA sales as 'zero rated' the last 18 months. Thoughts anyone?
HiClient of ours had a recent VAT audit. As a result of this, HMRC made corrections to the submitted VAT return and suggested we reflect these in our own accounts on Quickbooks so that they align on any future inspection.Two returns were affected.In the first return, no input VAT was claimed in Box 4, although there was a purchase balance in Box 7. The main reason for this was the expenses were deemed unclaimable at that time (long and complicated story).In the subsequent return, the position had changed and input VAT was claimed related to expenses declared in the first return. As the VAT code had changed, the expenses were treated as an exception within QuickBooks, but as Box 7 had been filled in the prior return it was not populated.HMRC have corrected the returns such that the first return is a NIL return and the second return aligns Box 4 and Box 7.We need to somehow unwind and re-instate everything correctly in Quickbooks. I was thinking I would unfile both VAT returns, change th
We need to raise job cards or job sheets to give to the workshop showing details of the job they need to carry out etc. Does anybody know how this can be done?
Hi,I have noticed on our VAT return that in the total VAT on sales section Box1, bills for our CIS subcontractors who are VAT registered are showing up in the sales section , they are also showing up in box 4. Their reverse charge vat total is showing in the total of the VAT due on sales.Is this correct, I thought sales vat was only taken from invoices as the payment of bills forms an expense.Many thanks in anticipation
I’d like to include transactions from a period prior to VAT registrations in a current VAT return.Those transactions which are in QB, were not included in the 1st return because they are dated prior to VAT registration. I’d like to manually include them in a current return (as ‘exceptions’, of course) following guidance received from HMRC & my accountant.To manually “adjust” the figures in the return using a calculator, seems like a backwards and messy way of doing things.
what vat code does pension go under
I’m not getting the correct amount for vat can someone please help with this thanks in advance.
Hi I am based in the UK and today I tried to enter a non stock item but I cannot enter anymore as I have reached my 14,500 limit. I did not realise there was a limit!!! Basically I have been told i have two options:1. Switch to Quickbooks Online2. Set up a new company from scratch entering opening balancesNeither option is good for me Any suggestions. Thanks x
Hi Folks, Having been forced to move from Desktop Pro to Online, Movemybooks has relatively successfully moved everything across in that the balances all agree on the 7 years we imported. What it has done really really badly is the Product List of 1600 items or so. The 15 it has moved have been marked as Services rather than non-stock parts. The rest don't exist. What a mess. Plus not one VAT code moved across on the Chart of accounts nor any supplier account number. Not good. Anyway I want to import in the correct product list that I have exported from the Desktop and placed into the sample template layout that Online wants. Ideally I want to import the correct VAT code for each item rather than having to edit each one later to add the VAT code. But where in the example QB Online excel is the VAT code placed? The only column that looks sensible is 'Tax on Sales'. Is that the one to use and if so what VAT codes should be used? S, Z or 20.0% S,&n
Supplier sent us an invoice with the wrong VAT rate (charged standard, supply should have been zero), supplier suggested that I pay the nett amount & they'd sort out a credit note when their accounts people came in on the Monday morning: payment had to be sent on the Friday evening because we needed the work doing there & then. I've now got the credit note for the VAT & tried entering it as a supplier credit just like the help article for a VAT-only expense but I can't adjust the VAT amount. HELP!
