VAT

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QB tried to fix issue for me by reopening the return. But I now have the quarter showing as both 'open' and 'filed', and the open return isn't picking up the exception £ from previous qtr.

Is any one else having the following issue. URGENT Fault. In Bank Transactions when you open up a transaction to process, and you select the VAT all you get is Manage VAT. The ability to select VAT is not possible. Processing in QBO is at a halt due to this bug/issue. 

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My accountant says it wont matter but im not sure?

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this problem needs resolving

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I didnt think I had recorded the vat payment on the taxes page but the bank transaction page showed match. I proceeded to record payment ton taxes page but this led to possible two matches one saying VAT payment one saying tax payment. I matched  the vat one but this has led to vat payment showing twice in the Chart of accounts. Help? confused. Thank you. My figures are out by the amount of the vat payment so obviously I have to delete one??

Hi AllI have an Outstanding VAT and VAT control account both have different balances, what could be the reasons?

In the desktop version of QuickBooks you could go to the general ledger, into VAT Control Account and you could customise one of the viewing categories to 'Date VAT Filed' so it would show you which VAT period the transaction was filed.  This was very handy when trying to reconcile VAT on a cash basis.  I can't see in on the online version.  Does anyone know where I could find it?

My business is VAT registered and I recently imported some goods using a freight forwarding company. They paid the import VAT bill on my behalf. How would I categorise the VAT payment I made so I can reclaim it from HMRC, with the payment being entirely VAT? (so not standard rate or zero etc).

just goes back to home page

We have filed the clients first two VAT returns but now they want to prepare their own. How do we enable this on QBs?

Hello, I accidentally underpaid the VAT amount of £5100 by £100. So to correct I made another payment of £100.How do I record/match the two payments in QuickBooks against the single VAT due of £5100 ?

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The top of the VAT 100 shows the usual accepted by HMRC and the date but where it should show the VAT Return figures, it is empty i.e there is nothing on the page.

I have some long overdue penalties and fines for non payment of VAT. How do I record these as they apply to a number of previous periods

I can see from a post from about 3 years ago that this wasn't a QBO facility but as I don't know why it recently changed, I can't fathom how to change it back, aside from going through every customer record individually which is not practical.

Below there is sample break down the amounts which should be enter for each relevant box on VAT return when using theFlat Rate Scheme (FRS), 11%, with a turnover of £1000 (excluding 20% VAT) and a purchase service from Ireland for £100 with the20% reverse charge (20% RC SG).In summary, the first amount reflects the amount that I believe should be correct, and the second amount shows the amount that QuickBooks includes:Box 1: Should be £152 (11%on£1200=£132+ reverse charge VAT here, which is £20)           QB: £132 (QB shows just VAT due on sale, without VAT on purchase from Ireland)Box 2: £0 £0Box 3: £152 £132 (QB)Box 4: £20 £20Box 5: £132 £112 (QB shows under calculation of VAT due)Box 6: £1200 £1,300 (QB shows gross sale £1200 + £100 Net purchase from Ireland)Box 7: £100 £0 (QB doesn’t show purchase from Ireland/EU)Box 8: £0 £0Box 9: £0 £0I would be grateful if you could check my calculation if I’m right and if so please check your VAT returns and confir

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