VAT
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VAT Exceptions report , only changes the net figures on the vat return not the vat amounts, will the exception figures go through to HMRC when I submit the vat return?
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I really dont know what to do now. If someone could shine a light. I submitted my first digital Vat retun at the begining of June 2020, It got rejected. QB suggested i speak with HMRC, It was in fact a problem with my HMRC account which has now been rectified. But HMRC have now moved my Vat quarters forward a month..they were March April May, but now moved to April, May, June. so Vat due in a week or so. My retun that was unsucessfully filed for March, April, May is in my account but locked...It cannot be edited to correct the quarters. I have had three call backs from different QB staff, none of which seem to be able to help. Surely somehow I can delete the return as it has not been filed yet??? or at least get it unlocked so I can edit it to correct the months and figures and submit it when it is due.
Hello, I am currently using quick books to create Invoices and Credit Memo via API and I'd like to know if it's possible to map the default char of account to other chart of accounts?VAT - Value Added Taxes Payablefor credit memo and Invoice when created / paid, Tax are automatically assigned to this chart of account.1. it possible to Reassign this to for example 000001 Output VAT?if 1 is not possible;1.1. can we change the name of this Chart of account instead? ex. VAT - Value Added Taxes Payable to 000001 Output VAT AR-Defaultwe have two different product and would like to save them to different AR2. is it possible for us to use which AR account it will go to? ex. for product1 it will go to AR-produt1 and for product2 it will be mapped to AR-product2if 2 is not possible;2.1 can we post an entry for an specific AR without creating an invoice?
Hello I have only just started using QB online and filed my previous VAT return using my old package. I have since received a refund from HMRC, how can I record this payment please? ThanksKim
Hello All, I'm in the US and set up QBS Pro UK for our German office and I added the last few years of historical data. Now my CFO wants to start filling and reclaiming VAT for our Vienna office. I used the Manage VAT to create another tax agency and another accrued tax account. What else do I need to do? My supplier bills and customer invoices only have one VAT field. How do I map it to the correct VAT account? I am thinking that I need a second set of VAT codes. I am new to VAT and want to make sure that I am doing this correct. Please let me kow how to set this up. Many thanks for all your help in advance. Take care, Anne
Hi, I run a small Director owned business. I previously used SAGE50 online am transfering to QB. My VAT has been calculated up to the end of April and will be due to the HMRCin due course. I want to transfer to QB from the 1st of May. How do I record the VAT as a liability in QB so that when I make the VAT paymentthe transaction is properly offset? I assume I set the liablity using the opening balance facility on the VAT Payable code?
The exception values are already covered in the VAT return so I need to delete this spurious entry which may well be my mistake. Please advise
Hello, Can anyone (please) possibly explain why the Boxes 6 and 7 of VAT 100 Reports over 2 successive (1st & 2nd) quarters seem to be accumulating. By the time I generate the 4th quarter VAT 100 the Boxes appear to have accumulated the complete financial year instead of the amounts relevant to the quarter. My operations do not vary much month-to-month, so I expect the amounts in the Boxes 6 and 7 from one quarter to the next to be quite similar. Attached for comparison are the reports for March to May 2019, and June to August 2019. Thanks for you help.
I am trying to file my next quarter VAT filing and the VAT Detail report shows that the Balances for BOX 1 and BOX 4 are carried over form the previous quarter. How do I zero out the balance so the VAT report is correct
I have followed the online guidance (in QB Online) to record the VAT payment I made on 21 May 2020 i.e. Taxes/VAT/Payment however there is no Add payment option. Why? How do I record the payment?This will be the first VAT payment I have recorded in QB Online so help would be greatly appreciated. I did submit the return using MTD and have since tried turning MTD off but still can't see the option to record the payment I have made. Help!! Also how do I record the COVID grant for the Self employed we have received? Thank you
