VAT

Reverse charge vat is set up on my Quickbooks vat rates but doesn't show up when I prepare a bill. It also does not show up when I try to post reverse charge commission to a sales invoice eg for Amazon sales. Any ideas how to activate it?

I've been filing my VAT via my accountant since 2016 and tracking it in QB.I made a mistake a couple of years back in trying to use QB's own VAT system to track the VAT. Now it's all a bit of a mess, with my books way out of balance.How can I undo all of the 'filed' data in QB's tax system, or correct it so that it matches the VAT returns I've been sending via my accountant?

Hello,I am just starting to use QBO and I am trying to connect to MTD for VAT. Previously we have filed VAT returns via the online MTD service using bridging software and Excel spreadsheets and therefore we are successfully registered for MTD for VAT. This bridging software still connects to HMRC successfully.I have setup the connection within QBO, this appears to connect and shows two old returns from 2021 although the amounts are all zero and the latest of the two has a status of "Take action" and tooltip "Something is up, Check the error above for more info", the error shown is "We can't connect to HMRC right now". Further the VAT MTD enabled logo is displayed on the top left of the page?This has been the situation for the last few weeks, I've tried disconnecting and reconnecting, however this has not resolved the issue. What is my way forward?, I've attached an image of current situation Regards, Chris

Evening all. I'm just doing my first QBO based VAT return and have found a whole bunch of my receipts have gone to the wrong VAT code i.e. Outside scope and should have gone to Zero-rated. I hope someone can help me with a means of correcting these in bulk to avoid doing them all (100s) one-by-one. Thank you Dave

No text available

As a sole trader without a business vehicle, I need to use my own car for business purposes. I am using the following steps to record journal entries for each trip I make for my business. In this example say I have travelled 100 miles for the business:Add two lines with the same account category (motor expense)Enter the descriptions as “Mileage-fuel element” and “Mileage-non fuel element”Put the fuel element amount in the first line – 14p x 100 =  (based on HMRC guidelines)Put the non-fuel element amount in the second line – (45p – 14p) x 100 = £31 (using HMRC guidelines)Use the Owner Contributions as the payment account for the full amount of £44The above seems to work but I need to add the VAT reclaimable amount on the fuel element that HMRC allows. Do I need to split the £14 into two entries in the journal one for the fuel element before VAT (11.7p) and one for the VAT on £14 (2.3p)? If I do 10,000 miles for business it will add up to a sizeable input VAT so I ne

No text available

No text available

QuickBooks automatically ran and submitted a report from a date which predated the information I started inputting and I haven't been able to submit a report since.

I am an agent, The client has had many years of returns made without issue. Can anyone help please.

Hi, my company isn't VAT registered, I was told while chatting with QB online support that if there aren't any tax rates (I'm not able to "Setup vat", obviously I don't have vat number), then customer's Tax identifier number will not be shown on my sales invoices. Even if I'm not vat registered, customer's TIN is quite important, especially for my foreign customers. How can I display customer's TIN on invoice if I don't have any tax rates? Customer's TIN field should be displayed on sales invoices independently of VAT registration!

No text available

I am trying to set up VAT on QB however I am unable to enter a date into the "when do you need to start calculating VAT from" box. It is not selectable, clicking on it does not allow me to input a date... Are there any other settings or options I need to enter somewhere?   

In quickbooks online, I am trying to do a group VAT return for my two companies together. I am using the "submit with a spreadsheet" tool, but I need help with preparing the spreadsheet. I am unsure if I should include only the VAT values of the second company in the spreadsheet, or if I should add the two companies together in the spreadsheet. Please help!

I have been using quick books for two years, pre VAT registration. I then registered for VAT and need to start account for it from Feb 2023 however, HMRC has only just issued my VAT number so I am only now in a position to set up on Quick books.  Is there any way to adjust the invoices I've already entered in to QB since FEB to show VAT or will my first VAT return have to be a whole manual adjustment?  Any advice greatly appreciated.

Can QB generate a report showing outstanding VAT on debtors? We are on cash basis for VAT. I need the report that will show the VAT for the unpaid amount?

QuickBooks Online lacks the functionality to use HMRC's published exchange rates. Given the notable difference between QuickBooks' rates and HMRC's rates: QuickBooks Rate: $1 = £0.80096HMRC Rate: $1 = £0.791703 Is there an app available to automate the updating of exchange rates?

No text available

I posted a refund of VAT to the bank account for the last return in the normal way. However, I accidentally put the wrong date on the transaction. The system now won't let me edit or delete the transaction from the bank register. Is there any way I can correct this? The amount is correct but the date of receipt is wrong.

No text available

QBO will not allow me to enter the date that payment was taken for last quarter of VAT.  Is there a problem with the system?

Hi AllMy estimate only display the vat code in the vat column.How do i get it to display the monetary value of the vat.ThanksKeith 

ive submitted last quarters VAT return but have just realised it ended at 31st august and i have only done the bank transactions till around the 20th august, i have since done the transactions , will they be put onto the next quarter (1st sept onwards) automatically or have i lost some vat? thanks

Hi team,Very frustrated by this, and I'll admit I am naive on this one!I've just got QuickBooks for MTD.I am entering our figures and accidentally hit a wrong amount. I want to start the return again, but I cannot for the life of me find out how to do that, nor can I see how to do that on here? It must be so simple and I must be really missing something obvious. It's unfied, so it hasn't been submitting yet. Can I not just start again rather than do adjustments?If I HAVE to do adjustments, how do I decrease the number?!It feels like it should be so very easy but I'm banging my head against the wall!Thank you.

No text available