VAT
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We've set up various VAT rates in QBO. One of the rates is 'VAT Exempt 0%' for our B2B customers in Europe who have a valid VAT ID.Now I'm trying to create a report with the companies that have used this VAT rate in a certain period. The report should have at least these columns:- Company Name- VAT ID- Sum of total invoices for this company I found this topic where there is a discussion about the 'VAT 101 report'. I search through QBO but I do not see any possibility to see any VAT 101 Report, neither do I have the option to add a VAT ID column to the Sales by Customer Detail report.Can anyone help me to create this report?
I have received a credit note from a supplier which includes 20% VAT. Does anyone know which VAT code I should use as it's not VAT on sales or purchases per see.
In an error figures are changed whilst working on next VAT DUE.
I have created a tax group (for EU acquisitions which are B2B tax neutral purchases within the EU) for an EU client using the international version of QB sold for Denmark. The tax group imposes 2 input tax codes to an expense: 25% for input tax, then -25% input for the adjustment (tax shift). It looks correct on the transaction, but when I look at the VAT report, the adjustment is positive, not negative - so input tax is being doubled, not zeroed. This must be a coding issue within QBO.
