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V
Virag
May 5, 2023
Question

VAT exceptions

  • May 5, 2023
  • 1 reply
  • 0 views

Hi there,

 

I am preparing my VAT return for first time in QBs and on the VAT return in BOX1 and BOX 4 I got the same negative amount under Exceptions.

I checked the exceptions list and it includes both sales and purchases where I get really confused. Why would QBs add purchases in BOX1???

FYI: cash basis.

 

Please help!!! Thanks 

 

1 reply

G
GeorgiaC
May 5, 2023

Hello Virag

 

Thanks for posting on the Community. 

 

Which VAT codes are you using on the transactions, and have you created any custom VAT codes? To view the common VAT codes in QuickBooks and the boxes that these post to, click here. 

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