VAT

Hi All,We've been using Quickbooks for a while and are still getting used to it. Last year we sold at a local market and to cover the sales we created a single invoice which we thought was the total sales. However when we came to tally up we found we had a £60 short fall of payments vs the invoice amount. Due to our in experience we only noticed this recently. Our question revolves around our VAT statement. We have declared our VAT accounts for the qtrs between the market sale and now. If we now believe the sales where actually £60 less than our self created invoice how should we now deal with it and still be VAT compliant?Can we just reduce the invoice? Should we just close the invoice £60 short and if so how? Any other suggestions?thanks in advance

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hi Ive submitted numerous Vat returns correctly  via QB but my VAT page is now saying "we can't connect to HMRC right now". Ive disconnected and reconnected/reauthorised HMRC and QB is saying HMRC connection is enabled. However I'm unable to submit latest return which is now due as QB can't connect to HMRC and QB saying take action. What am I supposed to do????

Hi,  Is there a way to display the VAT amount on an invoice when applying the VAT reverse charge to line items?  It would be good to see the amount of VAT companies I work for have to pay even though it isn't included in the total that they will pay me.  Thanks in advance 

I have used the exempt VAT code for a relevant insurance transaction and for an exchange gain/loss entry, these transactions are appearing on my VAT return for purchases. Is this correct, or should I use the no VAT code for these transactions? 

I've just started using Quickbooks and need to submit my first VAT 100 return. Not much has gone on in the account, but I've paid in some funds as initial owner's equity. I've set up myself as a supplier and an Owner's Equity account to categorise the payments. These payments are unexpectedly showing up in the VAT 100 under 'Box 6 Net value of sales'. They're not sales. I know bookkeeping is deliberately difficult to understand, but should owner's equity show up on the VAT 100 return? If not, do I have to manually remove it or re-categorise it in Quickbooks?

Hi, I'm sure it's nothing that I've done, but when I open the detailed VAT report, instead of box 1 (vat due on sales and other outputs) being at the top of the report, it starts with box 6 (net value of sales), working it's way backwards, with box 1 at the bottom. I just can't work out how to set it so that it starts with box 1, like before. Does anyone have any solutions please? Maybe this is happening to everyone right now? Many thanks.

Hi all I'm trying to account for this: in QBO https://www.gov.uk/vat-on-services-from-abroad We're partially exempt as we're grant funded but can claim the VAT back from the funder (rather than HMRC) as an incurred expense (this is what we do when we're charge UK VAT) so what I need to do is1) Add in the 20% VAT charge of these invoices to box 1 of my VAT return 2) "Charge" this VAT amount to the relevant expense nominal code as we can't claim it back via HMRC but can claim it back from our funder.  I've just confirmed with our accountant that this is what I need to do so the process above is not in question. I just need to know HOW to do it in quickbooks online. Ideally I'd like to be able to adjust this via a journal but am struggling to do so that it hits Box 1 of my VAT return.   Thank you! 

NOT adding my vat details to MY invoices.   I spent over an hour to customer service, and as usual, they were useless.  Just cut and pasted irrelevant information about adding my vat info to the invoices I send to my customers.

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Hi We are in England and have been selling goods to Northern Ireland and Ireland for a number of years. I have always used the VAT code 0.0% ECG for the Ireland customers and this would then be included in the box 8 figure on the VAT return. I have only just now noticed the wording has changed on the box 8 figure to 'Box 8 Total value of dispatches of goods and related costs (excluding VAT) from Northern Ireland to EU Member States' so does this mean, because we are in England selling the goods and not NI that Box 8 should now be empty? If that is the case what VAT code should I now be using?

Why we are setting up income account?

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We are a vretail business, so prices before VAT (net prices) are irrelevant to our customers. How can I get the value under the "Amount" column on my estimates to include VAT for individual line items? QBO only adds VAT to the subtotal at the bottom, which is useless as the quote may be a list of options that the customer can choose from, so the total is meaningless.

Hi,I have signed up with HMRC MTD. Quickbooks informs me I need to contact HMRC. When I contact HMRC they refer me back to Quickbooks. Date for paying

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I want to unfile a VAT Return but it's not yet showing as filed. How long does it take?

Some of my freelance jobs have been iR35 so I have no idea what to do with those when it comes to VAT. I shouldnt pay VAT on them but how does HMRC know they are IR35

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I have a flight ticket bought from a Spanish carrier with Spanish VAT. How should I bookkeep this in QuickBooks? If I am not mistaken, the VAT in Spain is 21%. We are VAT registered in the UK.

Hi all! We are registering in a few days. How to we change/include VAT from relevant backdated purchases?  I couldn't find a tutorial anywhere for this. Could someone help explain what we have to do in order to be able to do this?  Our first return is due on the same date as my baby! Lol! So trying to get ahead on all this! Vicki

what vat code should I use for suppliers not in EU