VAT
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Hello, Can someone help me with the ‘Total Net Value of Sales’ and 'Total Net Value of Purchases’ in the VAT 100 report? I’m in the process of migrating from ‘QuickBooks Enterprise’ to ‘QuickBooks desktop Premier’. I’m able to transfer the customers, suppliers, and the chart of account opening balances as of X date to the new system. Speaking about the VAT 100, The total VAT liability for sales and purchases was posted via the journal entry, and that amount matches as per my old system. The question I had is:In the VAT 100 report, Although Box 1, 3, 4, and 5 show the correct VAT to be paid to HMRC. How do I display Box 6 and Box 7? – Please note: - when transferring the customers and suppliers balances as of X date. They get transferred as opening balances. So an opening balance will not be having a VAT line. I would like to know how to display Box 6 and Box 7 so that it gives a clear picture of what am paying to HMRC – For instance, if my total sale
This is UK VAT and we have just registered for MTD for VAT
Hi, I have been told by Quickbooks that they are not setting up VAT Domestic Reverse Charge Codes on Desktop. Can somebody explain to me in simple terms how I set these VAT Codes up myself. So that I can have them ready for 1st March.Many thanks.
Hi thereReverse charge starts next month , is there a facility with QB 2016 to mark this when doing invoices for it to appear correctly on vat returns? thanks Bob K
As a GB customer we sell to non-vat registered customers in Southern Ireland. We charge them 21% vat and need to pay this through the Non-Union MOSS Scheme. How do I record this sale showing the correct vat but also ensuring that I don't end up double paying this vat by being included in my UK VAT return?
Hi, can anybody show me in simple terms how to set up VAT Codes for Domestic Reverse Charge VAT in Desktop, so that the correct figures show in VAT Return. It seems that QuickBooks is not updating Desktop for this change in VAT. I will have to set them myself but need guidance to do this. Thank you in advance.
Hello, I have a transaction which has needs to be split into 4 separate charges as the VAT charge is only for 1 part of the transaction. Part 1 - 40Part 2 - 9.50Part 3 - 0.49VAT - 1.90 The total charge is £51.89 By inputting the 3 charges it says I am 1.90m out, which is the VAT part, so I need to be able to add a 100% VAT charge for it. How do I enter the VAT charge separately on the split transaction? I have followed the guides to create a custom VAT charge but I can't get it to actually appear where i need it to. It is active and I'm not sure where I'm going wrong. I get a lot of invoices structured this way so surely there is a more intuitive method to inputting these transatcions?\ Cheers.
Hi, (online) for VAT reverse charging will there be a feature for invoicing so it shows the VAT you would have charged automatically on the invoice? Sage invoicing has this feature.
