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A
accounts-2upc-co
April 3, 2023
Question

VAT Codes

  • April 3, 2023
  • 1 reply
  • 0 views

Hi,

 

When entering a bill and/or supplier invoice either by bank feed or manually and this supplier/service is from a company who is not VAT registered ( I am) do I enter code Zero rated or No VAT?

and what about companies/suppliers who are VAT registered but have not billed VAT e.g. Advertising on Facebook.

 

Thanks

1 reply

C
ChristieAnn 11
April 4, 2023

Thank you for visiting the QuickBooks Comunity, accounts-2upc-co. I'll be sharing details to ensure you can organize your supplier VAT data in QuickBooks Online.

 

Since your supplier is not registered, you can use the No VAT code. This code is for goods and services that are outside the scope of VAT. I recommend looking for further information on what VAT codes to use for your supplier transactions by checking this article on QBO UK.

 

Additionally, you can also refer to this UK Government article for extra details on when to use the No VAT code.

 

On the other hand, if the companies/suppliers are fully VAT-registered, kindly follow this article on how to manage their entries in terms of VAT and rates: Set up and edit VAT settings, codes and rates.

 

Furthermore, I recommend speaking with HMRC support for further assistance with what codes to use in managing supplier transactions.

 

Lastly, you may refer to this article to see steps on how you can adjust your VAT due if you use Automated VAT in QuickBooks Online: Create or delete a VAT adjustment.

 

I'm always here if you still have questions about managing VAT or anything else. I'm always around to help. Have a great rest of the day!

E
embecmom
January 31, 2025

Hi How do I then enter a VAT code per supplier rather than having to add it transactionally? thanks.

C
CharleneMaeF
January 31, 2025

Hi, embecmom. Adding a VAT code to your supplier is a great feature to add in QuickBooks Online (QBO).

 

At this time, the option to add a VAT code to the supplier profile is unavailable. As a workaround, you can add the details in the Notes section.

 

We recognize that each company has unique needs, and I can see how the feature you're looking for would benefit and empower your business. I recommend sending this request straight to our product engineers through feedback. It helps us improve the features of the program. I'll show you how:

 

Here's how:

 

  1. Go to the Gear icon and select Feedback.
  2. Type in your suggestions about restoring the notes.
  3. Then, submit your request.

 

Alternatively, you can share this idea on our QuickBooks Idea Exchange Board page. To do so, click this link: https://quickbooks.intuit.com/learn-support/quickbooks-idea-exchange/idb-p/uk-idea-exchange. Then, select the Suggest an idea button. After entering your suggestion, choose Post.

 

Finally, I've added these resources that can help you learn more about using the VAT feature and setting up codes: 

 

 

If you have other questions about VAT and tracking transactions in QB0, comment below. We're always here to address all your concerns.

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