VAT

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Hi, I submitted a claim alongside my first vat return for a refund on the vat on my last 4 years purchases. I made a slight error in my accounting and this led to a £2600 discrepancy in my vat return. (There was an error on my spreadsheet I created leading to an incorrect figure) This was all sorted with hmrc but it is now showing as a minus figure in my vat suspense account, how do I correct this?  all vat that was owed back to myself was refunded by hmrc,  Thanks 

I am setting up someone on QB in another jurisdiction using a suitable region's QB version that has VAT. There are transient tax laws that may affect whether the taxpayer has to register for VAT or not in the country and thus enable VAT or not in the QB system. Can VAT be enabled later on if and when required while in the meantime we continue using QB without enabling VAT?

The difference has gone to Savings by FRS, but this is different to how we post onto Sage for FR as they all go on as T9

We were exporting goods to middle east, and we were booking sales with No VAT. But as a result of which the Sale value not updating in the VAT return under Box 6. Please advise whether we need to opt for Zero VAT under Exclusive of VAT for the export sale outside EU.

Our system is set to VAT rate of 23% and this is the amount shown on invoices that go out to clients. However the actual rate calculated by QB is only 21%. How is this possible and how can it be adjusted to the correct rate?

Hello, I wanted to clarify if bank deposits (invoice payments made by clients) should be VAT Exempt or No VAT?As I've already charged the VAT on the invoice and they are just making the payment. I know salaries etc are No VAT so wondered if it was the same.

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The usual charged vat minus paid vat calculation does not apply.

I purchase meals, hotels and airport taxi transfers in Europe (France). What VAT code do I use for these expenses? I'm thinking NO VAT, but can see EU codes.

I don't understand how my VAT bill is so high and why my 'paid on purchases' figure is a negative?

I have switched from Xero and all good except that I have VAT returns showing as needing to be filed despite showing £0.00. How do I show these as filed up to the current quarter?

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Hi All, Hope someone can help, I deleted Bill from filled VAT period... I know very big mistake, although I was always though not to. Now I am preparing next period to file for VAT with HMRC and that deleted value appears under report as credit for total purchases. Transaction was added under reverse charge VAT, so it does not affect final VAT value due. However, I can not view it as it is deleted. Looking at balances on other accounts everything seems to be ok, means the transaction value is not under supplier a/c, etc.I spoke to my accountant, but not sure if he looked properly, as he told me to add credit under supplier a/c under that filled period. I did so and now have two credit values under my current VAT report for purchases and supplier credit outstanding under suppler a/c. I do not think that is correct.1. Should I delete created Supplier credit transaction? Will system also remove it from current exception list?2. What shall I do about situation of originally

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I have asked this question to the VAT specialist and I received the answer below which conflicts with QB guidelines. Please see below;’You raise a very valid query and guidance is very conflicting of this point.  HMRC's own guidance does not refer to the value of purchases from non-VAT registered suppliers needing to be excluded from the Box 7 total so I would indeed agree that these supplies should be included.

Hi community, I'm trying to set a daily (actually monthly, but it's the same) sales receipt, with cash, credit card sales and so on.Now, my problem is that I have my sales charged with 7.7% VAT (I work in Switzerland), so I've set the receipt as tax inclusive, but in this way the system asks me to put a tax rate also for the other items, such as sales payment and credit card payments, and it's obviously nonsense.I've tried to select out of scope of tax and insert the VAT as a separate product/service but it's not possible because VAT payble is an account of liabilities and they're not accepted as products or services...I've also tried to add NO VAT as a new account of taxes but I don't know how to do it, when editing my taxes it shows me only VAT 7.7% and VAT 2.5%... Any suggestions? Thank you

Hi, could someone clarify for me. if I correct the VAt code for a transaction in a reporting period where the VAT return has already been filed, this will show up in the current reporting periods VAT exception report BUT is the corrected error amount reported in the current periods VAT return as well or will a manual adjustment need to be made in box 1 or box 4 for example  in quarter 1 VAT submission the following sales transaction was made. 100 sale O% VATVAT return filed  Subsequently this transaction was corrected to 100 sales 20 VAT owed will the £20 owed to HRmC be automatically reflected in the return so no further adjustments are required. If so, can this method be used to correct any prior mistakes with VAT reporting for transaction where the VAT has already been filed? Thanks  

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I've tried a number of filter transaction types/dates with a number of options but still no luck

Hi - hopefully this is in the correct topic. We are trying to submit a VAT Return and we had to renew are connection with HMRC - unfortunately we entered the wrong details and looks like we may be locked out as when we click on VAT, it says "We can't connect to HMRC right now" and then I click on "Take Action" it says the following: 1 - Have you signed up for Making Tax Digital for VAT2 - Did yoiu get an email from HMRC to confirm you signed up?3 - Does your VAT number in QuickBooks match HMRC records? The answer is yes to all 3 but we still can't submit a VAT Return? Any suggestions? Many thanks,