VAT
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Hi We are in England and have been selling goods to Northern Ireland and Ireland for a number of years. I have always used the VAT code 0.0% ECG for the Ireland customers and this would then be included in the box 8 figure on the VAT return. I have only just now noticed the wording has changed on the box 8 figure to 'Box 8 Total value of dispatches of goods and related costs (excluding VAT) from Northern Ireland to EU Member States' so does this mean, because we are in England selling the goods and not NI that Box 8 should now be empty? If that is the case what VAT code should I now be using?
Why we are setting up income account?
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We are a vretail business, so prices before VAT (net prices) are irrelevant to our customers. How can I get the value under the "Amount" column on my estimates to include VAT for individual line items? QBO only adds VAT to the subtotal at the bottom, which is useless as the quote may be a list of options that the customer can choose from, so the total is meaningless.
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what vat code should I use for suppliers not in EU
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Just says can't connect to hmrc wait 72 hours
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Hi If I go to Taxes/VAT then choose a VAT quarter I can run a VAT detail report. However, it seems that this can only be printed, not exported to Excel. I can run a VAT detail report from Reports/VAT and exort it but it isn't the same report. Is there a way of exporting the first report? Thanks JF
I am using quickbooks due to the move to digital vat returns. I am a sole trader on a fixed VAT scheme. I created my quick books account and did my invoices/expenses for Apr,May,Jun 22 and submitted them all correctly. Then I decided I should add in my old invoices and expenses for accounting year 21-22. After doing so, despite the invoice dates being correct and within the 21-22 financial year, my VAT report is now showing as me owing thousands for the upcoming VAT period. It looks like it is charging the VAT for all of the invoices I added for last year for the next VAT return. How can I rectify this?
