Skip to main content
S
SPARES4REPAIR
October 13, 2021
Solved

Items not reported on your VAT return

  • October 13, 2021
  • 1 reply
  • 0 views

I have recently just started using quickbooks, getting the hang of it slowly. I have been monitoring my VAT etc, and have noticed in the VAT section where you can error check where there are quite a few transactions that say

'Items that won't be reported on your VAT return' 
 
My question how can i sort this out? 
 
It also says '
Any items with the No VAT code will be excluded from this VAT period. Make sure the code has been used correctly for these items.' 
 
How can i change this at this stage?
 
any help is appreciated 
 
Best answer by Rasa-LilaM

Hello there, SPARES4REPAIR.


I’m glad to know you’re acclimated to the tasks you can do in QuickBooks Online (QBO). Let me help and guide you on how to move past the error in your VAT return.


The messages you encountered indicate that the items are set to no VAT instead of inclusive or exclusive of VAT. To sort out the issue, click the Review Now button to show the affected entries.


You’ll have to open the transaction one at a time. Then update the tax code on the transaction’s page to fix it.


Here’s an article that provides more insights into this process: Introduction to QuickBooks VAT error checker. It contains solutions on how to resolve each VAT-related issue.


Additionally, these resources will guide you on how to keep accurate records of the tax that you collect and pay. From there, you’ll learn about submitting a tax return and other VAT related-activities.

 

 

Keep in touch if you have any clarifications or other tax concerns. I’m always glad to answer them for you. Wishing you and your business continued success.

1 reply

R
Rasa-LilaMAnswer
October 14, 2021

Hello there, SPARES4REPAIR.


I’m glad to know you’re acclimated to the tasks you can do in QuickBooks Online (QBO). Let me help and guide you on how to move past the error in your VAT return.


The messages you encountered indicate that the items are set to no VAT instead of inclusive or exclusive of VAT. To sort out the issue, click the Review Now button to show the affected entries.


You’ll have to open the transaction one at a time. Then update the tax code on the transaction’s page to fix it.


Here’s an article that provides more insights into this process: Introduction to QuickBooks VAT error checker. It contains solutions on how to resolve each VAT-related issue.


Additionally, these resources will guide you on how to keep accurate records of the tax that you collect and pay. From there, you’ll learn about submitting a tax return and other VAT related-activities.

 

 

Keep in touch if you have any clarifications or other tax concerns. I’m always glad to answer them for you. Wishing you and your business continued success.

S
SPARES4REPAIRAuthor
October 14, 2021

Thank you for your reply, I have followed the steps but when I open my transactions from the 'items not reported on you VAT return' I do not get the same screen as you. I get the 'stock starting value' as seen my screenshot below. What am I doing wrong?

S
SPARES4REPAIRAuthor
October 14, 2021

Terms & ConditionsAccessibility statement