Paying VAT only on research project. Need to claim back VAT but there's no options for expenses at 100% VAT (5%, 20%, no VAT, exempt). How do I log this to claim it back?

Hi there, @hillsmixtape_andy.

When you create an expense for your claim of VAT return, you don't have to select a 100% VAT. Instead, you'll have to enter a negative amount on the transaction. Let me guide you through the process.

1. In your QuickBooks Online (QBO), click the + New button and select Expense.
2. Select the payee and the payment account from the drop-down.
3. In the first line, enter the amount of the VAT and select 20% in the VAT column.
4. In the second line, enter a negative amount of the VAT and select No VAT in the VAT column.
5. In the Includes VAT @ 20% on field, enter the desired amount for the VAT only.
6. Click Save and close.

Once done, you'll be able to record your claim of VAT return in QBO.

You might want to check out this article to learn more about the basic VAT terminology in QBO: Getting Started with VAT.

I'm always here to listen if you have concerns regarding your VAT returns. You're welcome to post again or leave a reply below. Have a great day ahead.