VAT
Recently active
My Quickbooks Tax screen says Cant connect to HMRC right now. How can I resolve this?
Original commenter did not share additional details
It seems as though all bills from sub-contractors need to be posted to the same account in order for CIS to be properly accounted for in QB. Can anyone confirm?
Hello I need a little clarification regarding my self assesment tax return and VAT On the form is states that Net VAT Payments can be claimed under Other Business Expenses. What are Net VAT Payments? Are these the payments that I make to HMRC on my quarterly VAT return?
Himy business is about to register for VAT for its next tax year. I have been using quickbooks for a couple of years and if i turn on VAT now, will it affect any previous transactions/invoices already in quickbooks? Or will it only take into account VAT on new invoices from the date i turned it on?
Hello, New to Quickbooks and just setting up. I am trying to set up VAT when i get to the page where you enter details there is a drop down menu titled "when do you need to start calculating VAT from" I cannot get anything to drop down! I can fill in all the other stuff on the page though. I don't know if it makes any difference but we get Quickbooks through our accountant who is on holiday. Many Thanks
I have been doing wages and realised I have not had employment allowance turned on . I have now turned this on in December but spoke to tax office and they say I need to re submit through my software for previous year to claim back pay . The only thing I can see is to delete the whole payroll for the year and into last year to re submit . Please tell me I don't need to do all this ? Don't think I am on advance payroll, just standard? Please can anyone advise 🙏 Many thanks
I have made an adjustment to the VAT in line 4, and have set it against Cash in Hand rather than VAT Control. I can not delete the adjustment and start again. How do I change it?
Hey there. Let's say I bought an item for £500, but it was paid off over 3 months for £166 each.How would I go about correctly marking this transaction and it's VAT down in QB Online?
According to the help files, as I am on the Flat Rate Scheme, I can't make changes to the required lines on the VAT return.
Hi I have quite a specific query. We import goods from France, before Brexit we recorded these invoices on QB online as 20%ECG. After checking the guidance from QB I've enabled PVA import 0% and PVA import 20% via the VAT Rates screen. I'm trying to post an invoice from a supplier from France, I can record this fine using the PVA 0% code, however my accountant thinks that the correct code is PVA 20%. When I try and use this QB won't let me and states that there is an error calculating the tax. I've tried different configurations for the category and nothing works? Can you help please? - screen shot below
Is anyone else busy preparing their clients' accounts using the wonderful QuickBooks Desktop at the moment and feeling very sad (and mystified) by the fact that next December we'll be suffering the woeful inadequacies of QuickBooks online? Just doing accounts for a £500K Turnover company and making YE adjustments and, as expected, its a breeze as Desktop just does everything right... the accountants version automatically runs all reports showing a debit and credit column, when you drill down into a transaction and amend it you then get back to the report you were working on (not some other nonsense), I can report on almost anything with absolute ease, I can open as many reports as I want, I never have to worry about slow internet issues or cookies causing problems, I can journal to the VAT account... it is like preparing to say goodbye to a trusted colleagues who is retiring.... yes that sentimental but that's the general feeling after 15+ years of using the product! I do use QBO for q
Hello I was sent a sample product from China via DHL£51 Import Duty was charged , which I paid to DHL.1. How do I record this ?2. How do I reclaim ? Via vat ? Thank you Robert
Hi,I have paid my quarterly VAT payment online and when I have to select the head of this transaction in QuickBooks it is not allowing me to select under Expense>VAT Control so my VAT Control (Current Liabilities) should be decreased in Balance Sheet. So if I cant put this payment under VAT Control where should I put this payment then?
Greetings! I created a bill with zero VAT last year. And I matched the bill to the banking transaction. But it should record as an expense paid by the directors. I've already submitted the VAT report for that time period. Can I delete the bill and bill payment and create a journal entry?When creating the journal entry, should I pick the date which created the bill last year? I appreciate any help you can provide.
The app onesaas creates a record and matches it to my transactions, but for vat returns my revenue is not being calculated I'm not too sure if this is fine, but can anyone help me out and let me know how they record their ebay payouts for vat returns, please.Many Thanks
I have prepared my VAT return for Aug-Oct, but it is showing several invoice payments that were received and banked in November. I can't work out why this should be, can anyone help?
