VAT

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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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Quick books won't contact to the VAT web site

I used (and still do) QB, whilst for a brief time my accountant used Sage for VAT returns.  I have pulled it all back to QB but some data changed in this interim, meaning the data they scraped from QB into Sage for the returns altered.  When I re-activated MTD in QB, QB wanted to re-submit all my old VAT returns but only in theory, no returns were actually done.  As invoices were altered during this time, the returns were different to what HMRC hold on me and QB is expecting me to record different refunds / payments. My main concern, QB thinks I had some refunds in old Q whereas I actually made payments. Is there a way to do a jounal entry or similar to get this difference back as at the moment, QB isn't correctly accounting for a payment in old Q. Thanks for any inputMartin

how do I remove the vat column on the purchase order template in QuickBooks advanced

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I am trying to achieve the opposite effect. The company should not have been put on standard VAT accounting - now I am trying to sort out a lot of issues that took place when QB was set up. I have done everything that is listed above and it shows a tick in cash account. I click save and then go to run the return for April to June 2024. And nothing has changed - box 1 shows the sales invoices listed in date of issue, not the amounts received. This is so frustrating as they have clearly been paying VAT far earlier than they needed to and they could do with a welcome respite on this return but I cannot get QB to oblige.

Submitted the tax return. Made the payment and when l tried to match it it shows twice so l need to delete one which it doesnt let me

Why is my vat report not showing sales in box 6 on my vat return

Hi, I'm a UK seller and use QuickBooks Self-Employed, I'm not VAT Registered. I'm going through my accounts and noticed that Etsy charges me VAT and QB Self Employed imports the transactions and automatically categorizes them as below. DateTransactionAmountTypeCategory01/08/2024VAT: VAT sellers service fee-£0.16BusinessOther business expenses Do I leave it in this category, or change it to "VAT Paid" even though I haven't paid the VAT myself? Or maybe another category such as "Other financial charges"? VAT PaidVAT payments you make.Other financial chargesAlternative or miscellaneous finance charges.Other business expensesMiscellaneous business expenses like payments for professional journals or other running costs. Also, I believe "Sales tax: Sales tax fee", "Transaction: Payment processing fee", "Transaction: Transaction fee", and "Other fees: Fee" would be categorized as Other financial chargers or maybe Bank Charges? I'm a little confused about it,

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Our company is leaving the VAT flat rate scheme (FRS). Our last day on the scheme was yesterday, 31st July. This was the last day of the VAT quarter for us. Today is 1st August, the first day of our next VAT quarter, and we are starting on the standard scheme today. We've already informed HMRC that we'll be using the standard scheme from today. I want to know the clearest way to do this in Quickbooks. Should I edit the VAT settings today, or should I wait until we have completed our VAT return for the last quarter (ending 31st July)?I know I need to go to VAT settings, and uncheck the FRS scheme. But I'm not sure about the 'effective date for new scheme' field. This currently shows a date from last year. Do I need to manually set this to be 1st August of this year?

I have 10 returns that are overdue and have been estimated by HMRC. I need to submit returns but I can't see them in QuickBooks. Only the current open return is displayed. Thanks

Hi everyone,  We are an online store selling products. We are VAT Registered in Switzerland, the UK, France and for the OSS. Is there a way to track separate VAT Returns?  Under add tax - Would I add:Swiss VAT 8.1% (Group Rate?)UK VAT 20% (Group Rate?)France VAT 20% (Group Rate?)OSS VAT ((Group Rate?) - with all the different VAT rates for individual countries? Uf yes, how do I manage this on booking my income and expenses?And how do I pull the separate rates into a VAT return for each specific region?Would the Shopify and Quickbooks Integration help with this? Thank you very much! 

I have a VAT Rate with Tax Name 'TEST', 20%, Expense Account, Net Value of Purchase, rate is active. None of the transactions using this rate appear in BOX 4 on VAT 100 summary. Instead, they appear in Profit & Loss under HM Rev & Customs (VAT) Expense?

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So, half has been paid thru bank account of company 1.Other half through credit agreement for company 2.I have set up a non current liability account for the loan in company 2, but unsure how to record the whole purchase in QBO, including VAT. For either company!For example, if I put the whole cost through company 1, it wont tally in the bank reconciliation, as only £550 of the £1100 went through theirs. And vice versa in the other company, if I put the direct cost through, there is no bank transaction for it..

Someone has filed a VAT return showing "open transactions" that don't appear in the VAT detail report