VAT
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My first VAT reporting period is coming up and I am making sure all the transactions that need to be included are there but to my horror a large percentage of both Output & Input transaction (& their VAT amount, where appropriate) are missing. My VAT Return will therefore be wrong? Need an expert help ASAP.
Hi there, I am based in the UK and provide services to companies based in the EU and as such send invoices with the VAT code ECS, however the sales amount does not show up in Box 8 on the VAT report as requested by HMRC. It is included in Box 6 but this should be for UK sales. Please advise what needs to be done to resolve this otherwise the VAT return is incorrect. Thanks in advance for your help.
Because of MTD I was obliged to dump my old QB 1999-2000 (which well served my simple accounts for many years). I switched to QB Pro 2016 Desktop, along with Absolute online submission software. I find that the VAT 100 Reports from both systems are different, even if the generated from same input data. There is no longer the option to make reports over the VAT Year; only financial, calendar, income tax or payroll year. Box 4 - VAT reclaimed on purchases in QB Pro 2016 is greater than QB1999?Box 6 - Total net value of sales appears to be accumulated for the financial year. Not for the pertaining VAT Quarter?Box 7 - Total net value of purchases appears to be accumulated for the financial year. Not for the pertaining VAT Quarter? I've spent hours examining all the settings and options between the 2 packages,to no avail. Does anyone know what is hapenning? Many thanks
Hi AllI am running premier edition and trying to set up 3 vat codes. 8, 14 and 16If i create 8% and then 14%, the code with 8 also automatically changes to 14 and vice versa. its like they are all linked and a change to one changes the rate of all of them. What can I do?
Hi, I have a client that has recently registered for VAT and has bills and travel receipts from the EU that have different VAT rates depending on the country. Can I simply add new VAT rates to Quickbooks and apply so that he can reclaim the tax? Eg. Apply a 21% VAT rate from The Netherlands to his bill? Is it that simple? Thanks!
