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CrackThump
June 25, 2022
Question

Percentage of VAT Rate on Farmhouse Expenses

  • June 25, 2022
  • 1 reply
  • 0 views

My accountant tells me I can claim 40% of the 20% standard VAT rate for smallholding expenses that are not wholly agricultural. How do i calculate this within Quickbooks Online?

1 reply

JessT
JessT
June 25, 2022

Hi CrackThump,

 

I appreciate your effort to post in the Community. I'm going to route you to our dedicated support for QBO UK about this special scenario. This way, you can have a screen-sharing session, and they can guide you to properly set up your VAT.

 

  1. Select Help (?).
  2. In QB Assistant, enter the topic you need help with.
  3. Select Contact Us to connect with a live support agent.
  4. Choose a way to connect with us:
    • Start a chat with a support expert. Live chat all day, M-F.
    • Call us. M-F, 8:00 AM to 10:00 PM and S-S, 8:00 AM to 6:00 PM.

 

If you want to see some references for QBO, just visit the main support page and click More Topics.

 

You can always go back to this thread if you have other questions in mind.

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