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sarah41
May 26, 2019
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VAT 101 form. Is this done through QB MTD software or do I still use the original method used?Thank you Sarah

  • May 26, 2019
  • 1 reply
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    Best answer by paul72

    A VAT 101 form (ECSL - EC Sales List) reports the value of goods and services supplied to VAT-registered businesses in EU member states. It's not the same as a VAT return, which is a VAT 100 form. I have submitted my VAT return, but as per the OP, can a 101 form be submitted via QBO? I think the answer is probably 'No' since ECSL is not listed against QBO here: https://www.gov.uk/government/publications/vat-returns-and-ec-sales-list-commercial-software-suppliers/vat-commercial-software-suppliers


    @K-LM wrote:

    A VAT 101 form (ECSL - EC Sales List) reports the value of goods and services supplied to VAT-registered businesses in EU member states. It's not the same as a VAT return, which is a VAT 100 form. I have submitted my VAT return, but as per the OP, can a 101 form be submitted via QBO? I think the answer is probably 'No' since ECSL is not listed against QBO here: https://www.gov.uk/government/publications/vat-returns-and-ec-sales-list-commercial-software-suppliers/vat-commercial-software-suppliers

    Correct!

    MTD in QBO is for VAT only - VAT100 form.

    VAT101 is EC Sales List & must be done manually via online.hmrc.gov.uk (I think it's in there - haven't submitted for a while).

     

    QBO will produce an EC Sales List (VAT101) as long as you have Country set correctly in Customer Details.

     

    Hope this clears up the confusion. 

    1 reply

    JessT
    JessT
    May 26, 2019

    Thank you for asking about the VAT 101 form, Sarah.

     

    I'm happy to let you know that you can submit it through QuickBooks in an MTD way. I'll give you the details of the process.

     

    If you're already registered for Making Tax Digital, you'll want to enable MTD in QuickBooks first. Please check the steps with pictures in this article: Authorise QuickBooks to interact with HMRC. After the setup, you can start submitting your return. 

     

    If there's anything that we can help, you can always visit us back here.

    S
    ShopAdmin
    May 7, 2020

    Hi JessT, 

     

    Sorry - I don't understand your reply.  Does the MTD process Automatically submit the VAT 101 report at the same time as the VAT 100?

    JasroV
    JasroV
    May 7, 2020

    Hi there, @ShopAdmin.

     

    You'll have to manually submit your VAT return for Marking Tax Digital (MTD). Ensure you're registered to MTD to be able to submit it. Let me guide you on how to do it in your QuickBooks Online (QBO) account.

     

    Here's how:

    1. Go to the Taxes menu.
    2. Select VAT.
    3. Click Prepare return. 
    4. Check the figures for each box. Then submit your VAT return, select Submit to HMRC. 
    5. Select the I declare the information is true and complete box, followed by Submit to HMRC. 
    6. Wait for the receipt confirmation message has been received. 
    7. Once your submission has been completed, you'll receive a message. Select Done.

    Here's an article you can read for more details: Submit a VAT return to HMRC - MTD for small businesses.
     
    Additionally, I got you this article that can help you in preparing your submission: MTD VAT Submission Checklist | Small Businesses.


    Please know you're always welcome to post here anytime you need help with. I'm only a post away. Have a wonderful day and take care!

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