VAT
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Hi all I used to be registered for VAT in 2015 which I filed through QuickBooks. At the end of 2015 I deregistered for VAT with HMRC. I am now re registered for VAT as I am over the threshold and my first new VAT return needs to be between 1 October 2018 to 30 April 2020 but QuickBooks is picking up a return that starts from 01/12/2015 and runs to 30/09/2018. How can I change these dates to reflect the return I need to submit ? Many thanks
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all the data for 2019 FY has been entered with the correct VAT rates, which is useful to see. However there is a requirement need to account on the basis of not being registered for VAT on either sales or purchases (some invoices will need to be reissued to customers but that has no nett financial impact as the agreed rate was VAT inclusive). Is there a way to make QBO report on a gross basis or to remove all VAT information without going back and editing each invoice and bill?
Hi all, I'm running QB Desktop Premier 2016, using the Avalara bridging software to file VAT since MTD came in last year. I was previously filing through QB so the VAT entry was made automatically. My question is how to assign the VAT payment to the VAT account manually? I'm sure that I've been doing it wrong as I've been writing a cheque to the VAT Liability account, but this is showing as an unassigned amount so the VAT owing on the VAT100 report is just accumulating instead of showing the accurate figure each quarter. What should I be doing instead so that Quickbooks records the payment properly?
When I try to make a rule, it only gives me the option of 5%, but if I edit it on the banking page 'for review' it allows me to enter 20% purchases, which is correct?
Hi,I'm not VAT registered, but I accidentally added 'VAT' to things I wanted to use QuickBooks for - now it won't let me review my transactions without putting in something about VAT. Can you help me?
Hello, I normally file my VAt returns on a monthly basis and have never had a problem to file my returns, until now.. I have for the Month 01/04/202 Take Action and 'We can't connect right now' I have tried to connect and disconnect my VAt linked account but that's having no result. please advise as we are overdue for this return
Hi All, I hope you don't mind help me out. I hope its not a hard one. We are UK based VAT registered company all of our EU suppliers Zero Rate our purchases under the Intra-Community B2B Scheme. On the odd occasion we need to buy goods across the counter in the EU (small one-off purchases such as fuel or small materials), which result in us being charged the EU VAT. Is it correct posting the total value of the receipt with NO VAT. I think this is correct but just want a little re-assurance. Its my understanding the EU vat charged to us cannot be reclaimed on the return and I don't think there is any other way we should be showing this. Many ThanksAiden
I am have an invoice for over £2000 and need to reclaim the VAT. The client is on thr flat rate scheme.When i enter the invoice, the reclaim button is not highlighted and it won't show on my VAT report.
