VAT
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When I upload a bulk credit note and mark that it is to be exclusive of VAT the amount isn't correct - I change the editable vat to be inclusive, then back to exclusive and then the amount if correct - is this a bug or something I am doing wrong? Thanks in advance
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Hi, I have gone onto my account today to reconcile my bank statement and My VAT 100 payment is not there to select and pay. This is the second time this has happened.Does anyone have any comments?
Repairs category as the Net Amount and 20% vat, then Insurance proceeds on the second line Net Amount and Exempt Vat? Making sure that the vat under the subtotal is correct?
I purchase goods which include 20% VAT and sell in Japan at a Japanese Sales Platform. So exporting goods.If VAT Code is 20.0% S, which should I put ‘20% Purchases’ or ‘20% Sales’ ) at VAT column in Bank Deposit (Sales) page?
I am posting a VAT refund. I have gone into the tax section and recorded the refund against the correct VAT return.I have then gone into the bank transaction section for the account that the refund has gone into. I cant see ‘Refund’ or even ‘Payment Type’ against the bank entry. What I have is below:
I have realised that not all trasactions go into the VAT control account. I would like to look at all bank trasactions with the corersponding VAT even if it's not applicaple. Is there a way of seeing this on a line by line, Thnaks in advance
Hi, Iam trying to understand why the Total Sales in the VAT return doesn't match the Total Sales in Profit & Loss for the same period. Can someone help?
HMRC are investigating our VAT records. We are Amazon seller and use LinkMyBooks (LMB) to send all data to QB. However, when I subscribed to LMB, I expected 12 months of historical data to be pulled from our marketplace. But, I made the mistake of only selecting a non-premium plan which only drew 3 months' worth of data. Basically, there's about 6 months of missing data. LMB has advised that I can Rollback the settlements ( which contains all costs breakdowns and incomes) - ie. all data will be deleted on QB. Then I can re-send again, which will then populate. The difference we are looking at is about £58K of VAT we owe. My question is that once we Rollback and re-send the settlements from LMB....everything on QB will change. How will these changes affect my VAT . ie. will the additional VAT to due on Purchases and Expenses will be carried forward to now?
I have found the 20.0% RC Tax Code, but I would like to create new tax code for 19% Reverse Charge. Is that possible?
When I create sales with VAT, the amount of tax goes to the liability account, and when I create a purchase, VAT goes to expenses, how to set up so that when purchasing goods, VAT reduces the tax liability
Hi All I have done what is required in this https://quickbooks.intuit.com/community/Help-Articles/How-to-record-a-VAT-payment-or-refund-Video/m-p/239387#M1655 But my bank feeds to not match to anything. I went on support and after about an hour they told me to just delete the bank feed transaction. TIA
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I am a long-term user of Quickbooks. When creating my VAT return on the correct screen, I cannot see historical returns and get a green circle, which prevents me from doing anything unless I close the browser and restart.I am stuck because I can no longer go to HRMC.gov directly to submit a return (I have to use software to file).What do I do?
Before I assigned some bank transactions I checked my VAT return as it's end of quarter. I assigned several thousand pounds to VAT refundable categories (materials, travel expense) and yet the VAT return amount didn't change. Am I missing something? Thanks.
