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C
CASVAL
October 10, 2019
Solved

Help with MTD and VAT Groups

  • October 10, 2019
  • 1 reply
  • 0 views
No text available
Best answer by EmmaM

Hi Emma - both company A and company B share the same VAT number as they are part of a VAT group. I am not sure we can turn off MTD for company B on the HMRC Government Gateway without also turning it off for company A which we do not wish to do. Do you know whether we can? However we will need to do something as we need to mark the VAT return as "filed" for company B.  

My good news is that the VAT return for the group has been successfully submitted via MTD for Company A.

 


Hello Casval

 

With it being one vat number for the group they will only expect one return with that VAT registration number so yes one return is fine.

In Company B, in the taxes section do you have prepare return next to the open returns>there should be a drop down to the right of submit to HMRC with an option to mark as filed.

 

Emma

1 reply

E
EmmaM
Level 10
October 10, 2019

Hello Casval

 

To submit VAT for VAT Groups using MTD in QuickBooks Online you would need to use the bridging tool currently,more information on how to do that once you have turned MTD on can be found here. You would only need to enable MTD on the QuickBooks account you are using to submit the return.

 

Emma

 

 

C
CASVALAuthor
October 10, 2019

Hi Emma - if we only need to register one of the companies for VAT what do we need to do in QB to unregister one of the companies.

On a related matter we have prepared our VAT figures and are confident they are right. We have used the adjustment boxes in company A to transfer the VAT on sales and purchases in company B onto the VAT return for Company A. We are a charity subject to partial exemption and have used the adjust boxes to make the VAT adjustments for this in Company A. Do I then use the bridging software to link these figures onto the VAT return ready for submission by MTD.   

 

E
EmmaM
Level 10
October 10, 2019

Hello Casval

 

To remove the authorisation for MTD on one company if you have already turned this on go to the cog>account and settings>advanced>making tax digital>click into it>learn how to disconnect.

 

You may need to also let HMRC now you are not filing on one of the companies.

 

Yes you could use the adjustment in the return to add in the other companies VAT on sales and purchase figure so that the figures in that company are correct and you can leave a memo as to why its been changed in the adjustment itself.

 

 

Any other questions let us know

 

 

Emma

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