VAT
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Hi all,Am on quickbooks 2016 abit of an old version. My challenge is vat reports for purchases are not showing but sales are showing.All the bills have been posted with vat . What could possibly be the issue? RegardsFred
We have been advised by HMRC (by 2 separate people on VAT helpline) that an individual is only allowed to have one VAT number, our client has 2 completely different businesses that are in no way linked. HMRC are saying that we must only submit one VAT return with all of the information on it. How can this possibly work and how would this be achieved in quickbooks where we have 2 accounts setup?
HelloAs a Vat registered business, If we enter a sale of goods to a Vat registered Business customer in the Republic of Ireland, do we enter the sale with a VAT code of 'European Goods Zero', so that no VAT is charged? Do I need to then do anything else before sending the goods over to them? Many thanks
Hello, I've just moved over from Sage to QuickBooks and am unsure what to do about purchases that have VAT but I can't claim it back as I haven't been given a VAT receipt. In Sage I used to enter the purchase as T1 (standard rate) but change the VAT to £0. Therefore it would go on the VAT return but I wouldn't claim anything back. I've searched online but couldn't find the answer - any help would be greatly appreciated! Many thanks
Since a few days ago I can no longer access my "All Sales" and "Invoices" pages under the "Sales" tab. The links appears to be non-responsive. I can still access "Customers" and "Products and Services". What is going on?
I want to find Cost field in Invoice in QB Desktop but I cant find it. Does this field exist for Invoices?
Client has marked the return as filed for July to September in panic to meet vat deadline. Transactions from January that are now being entered into QBO (I just moved them to QBO) are showing up in VAT exception report. They are part of returns filed before move to QBO. I have tried deleting VAT journal from activity log but it wont budge. Any ideas?ThanksA
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Hi QBI am compiling my first VAT return using QB online - (I am also parallel running using Excel just to verify). All VAT boxes appear to be correct, with the exception of Box 7 "Net value of purchases". This box includes items I have allocated the "No VAT" vat code against, such as payroll, PAYE and NI payments, and dividends - all of which should not be included in Box 7 (as per the HMRC web site). All these payments have been included in QB via the banking down load, where I have chosen the VAT code "No VAT". I assumed that when choosing "No VAT" then these items would not appear on the VAT return. What should I have done to exclude these items from the VAT return? Should I be using a different VAT code, or perhaps no VAT code at all? or is there a check-box which will allow these items to be excluded ? Any help would be appreciated. Thanks QBJon 1
Traveling and staying in Denmark, Denmark's vat rate is 25%. What vat rate do I use to record this expense in QuickBooks?
i just want to file a vat return
I will get penalties if not submitted today
I cannot type into my first VAT return using QuickBooks. When I try to enter a figure, I am directed away from the page. The return is due tomorrow - help!
HMRC requires goods bought from a UK supplier who is not VAT registered to be included in Box 7. What code allows this in Quickbooks? It's not right to call them zero rated and they are not No VAT or exempt.
I have made a few partial payments towards our VAT account. These payments are showing in my bank feed but I need to match these to the VAT account to mark them as paid. Can someone advise on how I can do this accurately please? I should also note that one of the payments had a fee on it so it will be showing more that what is outstanding on the VAT account.
HiTried to submit my second MTD VAT return and its showing as pendingAny ideas what to do if it doesn't show as accepted by morning please?Thanks
With Inflation on the rise businesses are trying to keep it together, why would you keep raising fees on your products. We just had a price increase with payroll and now just got another one. I think this is what you call price gouging.
I'm registered for VAT but the signup to MTD on the website has now been removed
