VAT
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Here's a summary of what we are going to do and would love to get your views on how we should record the transactions and VAT codes in QBO? We are a UK VAT registered companyWe are purchasing goods from a supplier in TurkeyThey will not be imported into the UKThe goods will ship directly from Turkey to our customer in IrelandOur customer is a VAT registered company in Ireland. Our thinking:Bill from Turkey will be tax code No VAT - they are non EU/ non UKWe won't pay import duty or tax as the goods won't enter the UK as an importSales invoice to customer will be tax code ECG 0% Are we thinking correctly? Thanks in advance folks!
We have been submitting MTD VAT returns on behalf of clients and we also have clients who submit their own from the software. There have been no issues so far. Since Monday every MTD client when we go to Taxes it comes up with this message box about needing to authorise Quickbpooks, which you either click on Authorise QB or Dismiss. If you dismiss, by the open returns, the status is reported as "Take Action". If we click on authorise, it seems to want to reauthorise all clients on our ASA accounts (we are still within 18 month period before we need to do this). Has anyone come across this and how do we resolve it? We have phoned QB and they have not come across this message.
I have previously successfully filed a return for this client (I'm an agent) using QBO with no problem. I've checked the Agent login details, VAT number is correct etc
The Box 1 figure should be adjusted to show the VAT amount of the Fuel Scale charge.n the
So normally if I was to spend £12 I'd record it as £10 + 20% VAT. My supplier has my VAT number now and charges me £10. Do I record it as £10 + 0 VAT? Thank you!
Hi there, I have submitted VAT return through QB and it was accepted. How can I unfilled it and submit a corrected version? thank you.
I am using the VAT rate of 10% but currently I'm liable for 9% using the 12 month discount, I changed my VAT quarter from February to March therefore this will be January 9% but February and March are at 10% is there a way I can Adjust this on the quickbooks ?
