VAT
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Could anyone (please) possibly explain why the VAT 100 Report puts the "Balance" [see attachment - e.g. 1,663.87 of the VAT Detail Report], into the Box 4 - VAT reclaimed on purchases, whereas I belive it should really be the "Paid Amount" [see attachment - e.g. 793.70 of the VAT Detail Report]. This happens each quarterly report where the 'VAT Detail Report' shows in the "Paid Amount Column" what I belive to be the actual YET the VAT 100 Report shows the "Balance Column" which I think is being accumulated throught the year. Thanks for any help to resolve.
We are not able to connect to HMRC via QuickBooks Online please resolve this issue as shown in attached snapshot as soon as possible as deadline for filing return is very near.
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I submitted my first VAT return, with reclaims due to previous capital expenditure. HMRC have accepted this, with a minor correction. How do I make the correction in Quickbooks?
I know how to do VAT returns. Its the Annual corporation tax I need help with.
Before HMRC automatically took payment via the return submitted via QB however the email confirmation refers to payment deadline
Are QuickBooks able to set up a new tax code with regards the domestic reverse VAT Charge for flat scheme users, invoices to contractors within the new scheme do not need to be accounted for under the FRS (so in essence outside the scope for VAT) but the information of the reverse charge still needs to be shown on the invoice so that the contractor accounts for the VAT in the normal way under the new rules, what is needed is a VAT Code for the reverse charge which will not include this transaction in the sub contractors VAT Reports but makes a note on the invoice of the amount of VAT under this new scheme. Hope that all makes sense?!!!!! Thank you.
Hi everyone, My problem is that when I go into my list of VAT returns the current quarter (Oct - Dec 2020) is not showing! The last Return is the Jan - Mar 2020 Quarter. How can I get this rectified? Thanks Alymer
Just about to file Q4 VAT return, and note that Quickbooks has created an exception, for a payment incorrectly VAT coded in Q3 (EP). (no vat applicable but reported as purchase in Box 7). The payment reported in Q3 was for £58k, the payment was made in Hungarian Florins. However the exception in Q4, showing in box 7, is in Florins 27,900,000, not good. Can this be changed?
the next section is after you have signed up. Where is the link to sign up?
Hi,im new to quickbooks and VAT in general. i have just received my VAT reg number. the company i subcontract too (under CIS) told me itll be paid direct to HMRC the VAT, whilst this is great, how do i amend the bank transactions to reflect this so it shows as the income VAT has been paid direct to HMRC. i have the last 48 weeks to do aswell so need to figure this out (payments being backdated direct to HMRC) so i can sort my return for HMRC (it took a while to get my code/cert) a simple guide would be great for me being a novice on quickbooks
We are about to order goods from an EU country and get them shipped directly to a customer in another EU country. My understanding is that as the supply is outside of the UK, we would need to set up a VAT registration in the country of supply. Any thoughts as to how best to manage this in QBO would be appreciated. I cannot see anyway to add a second VAT agency. Therefore I wondered about adding the purchase and sale transaction as no VAT (out of scope) which would serve to exclude them from the UK VAT return. But is there a way to create other VAT codes that would be excluded so I could capture the transaction for inclusion in the EU VAT return.Or is there a better way to manage?
Can't search or do anything. Logged out & back in - still the same. Internet access via other channels is fine.
This feature was so useful. Not more than two weeks ago I was using date, location and distance buttons on top of the columns on the miles tab. To my amazement I logged in today to finish categorising my 21/22 mileage records and for some really strange reason the ability to sort trips by date, location or distance had disappeared and the old sorting buttons had turned into plain black text. Cl. Thankfully QB kept the sorting buttons working on the transactions tab. So why on earth would QB remove such a useful feature on the Miles tab? I'm so angry about the fact I've spend about 4hrs on the help assistant chatting to Daryl, Mary Joy and Danica about the issue. Daryl and Danica raised the issue with Tier 2 engineers and I even did a screen sharing session and screen record of the problem. Tier 2 engineer apparently don't have any recollection of this sorting feature on mileage forms. But I am not an idiot. I've been a subscriber to QB self employed for several years now and I know for
Hi, Having migrated my data over to QBAO, VAT returns slowly generated automatically and then detected that these have already been submitted for which I was able to simply mark as filed. They were zero amounts anyway as I haven't been trading for over a year now. It has only gone back so far though and it hasn't picked up the VAT returns for the previous year. The issue is that I have bank transactions waiting to be reconciled at the moment but there are no VAT return entries for these periods/payments. How can I re-generate those returns so that they: 1) Appear in the VAT returns2) are marked as filed3) are marked as PAID (and linked to the pending bank transactions) I did get a third party tool which I used for all of my other data import/export but exporting and importing VAT submissions/entries/details doesn't seem to be possible (apart from control and adjustments) Thanks Andrew
I've recently purchased QB Self Employed in order to record income and costs for a number of personal rental properties but I can't see any way of splitting the income into different property accounts other than using Tags? Will this be the best way?
How do I categorize travel expenses. Do I put them under regular categories of meals, gas, materials, or do I put them all under TRAVEL?
VAT Adjustment Error - Earlier in the year I corrected the expense accounts on a handful of transactions, but the VAT had already been filed for this period, so (despite no change in the VAT rate), these transactions then appeared on the Exception Report on the next VAT return. In the Exception Report I made a VAT Adjustment to get the balance back to the correct amount and filed VAT. I thought that had solved the problem, but now my end of year numbers aren't making sense on the Balance Sheet and the Total Current Liabilities doesn't add up as the VAT Adjustment is now included as a negative amount in Tax Account (Sales Tax). Does anyone know what I can do to fix this? What would happen if I now delete that Journal Entry?
Ongoing saga. Flipping annoying on every level. Paying for service that doesn’t work. Qb will not stay connected to Cooperative business bank. Error 390Now it will not connect at all. Error 590. Hasn’t connected for days.Knowing QB, nothing will be done for months, if at all. I would like a refund whilst I spend the next month transferring this years book keeping back to excel. How can I request a refund?
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How do I change the checking account that my payroll pulls from? I had to shutdown the account that I had been using to run payroll and now I can’t figure out where to change change the direct deposit so that it will pull from the new checking account.
