VAT
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I am currently my detailed accounts for the year to March 2019 for my Tax Return. I use the Flat Rate Scheme for VAT. I use Quickbooks to create Invoices - less than 10 a year, and then do all my travel expenses etc once a year. I moved to quickbooks online. If you make a small error when entering an expense, say put in the wrong date, or put an incorrect decimal point, I keep error message that doesn't allow me to delete or modify the error and this is doing my head in. In the older versions this was easy enough to do. Help please
Can anyone help with this. Vat item is set correctly but zero rate purchase transactions are not appearing on the vat details reports. Strangely zero rated sales are bein
Hi when raising an invoice for say £120 to a contractor in will get paid £100 and £20 deducted for tax by contractori have raised and invoice for £120 but the bank will show i received £100 where do i put/show the tax deduction regardds
I have just started to use QuickBooks Online. I am adding all the information from the bank statements I have imported. I cant allocate an older VAT payment, I get the error "You have either selected a tax liability account on a transaction where it's not allowed, or haven't specified a tax rate along with it." I haven't entered any old VAT return info to pay it against or record payment. Any help much appreciated.!
Good evening, i am new to using quickbooks and wish to use it to track my expenses. i have linked my bank account and when processing the transactions it asks me to choose a tax code. i am a self employed gardener but using the quickbooks online simple start package due to the features, so i pressume the tax codes arn't relavant to my business as i am not vat registered. is there a way of turning this feature off on the android mobile app?any help is much apprecited
I submitted a MTD VAT return through QB Desktop (not my first - done a few previously without issue) which showed a £68k repayment due from HMRC. All went through without error. I have today received a repayment from HMRC of £93k which is £25k more than we were expecting, upon closer inspection the Box 4 figure VAT return on HMRC online is £25k more than the Box 4 figure allegedly submitted by QB. I've contacted HMRC who insist that it is a software issue and to contact provider for help?
I have always been able to file my VAT via VAT - File VAT - File online and then completing the User ID, password and Agent type. I am now getting the message "Authentication Failure. The supplied user credentials failed validation for the requested service."Is this because HMRC have moved onto a two-step authentication process or just that HMRC is down? Many thanks for your help.
Hi, I submitted my VAT return for 2019 (period 01/01-11/11) on the 8th of January 2020. We only started to trade in November but obviously we had few expenses and we are expecting a repayment. Even after more than 72 hours nothing appears on my HMRC account regarding this outstanding VAT repayment. On QB this return is in the paid returns section (althought nothing has been paid/refund) and in the action drop down menu I only have "view VAT details", "view exception details" and "record refund". Did I screw up when submitting our first VAT return? Is it because I claimed VAT too late or after I opted for Tax Digital? Or could that simply be a delay on the HMRC side? I just want to make sure I did everything correctly on QB before contacting HMRC. Thanks a lot in advance for your time and your help. Mickael
However wording from bank included the word 'PAID' Work around - post as interest expense, then go to that account and edit my entry to a) switch exclusive/inclusive/No VAT to NO VAT and b) I could then change account to interest income. Was this issue caused by wording from the bank statement - the bank have paid my client, so technically correct, though obviouly income for my client?
For example, I receive £100, I would need to set aside £20 for my tax contribution, But my quickbooks account says £100, my bank account says £80 (as ive taken £20 out and put in a separate account)...How do I get them to match as the £20 set aside for my tax is not really an expense?
