VAT

vhopkins

What to do when HMRC takes a different amount than shown on a VAT return

I have a couple of VAT returns from last year which were filed via QBO and accepted by HMRC. However, HMRC took slightly less by DD (apparently because of interest adjustments) than the return amount, so the returns are showing as having small amounts still owing. How should I express this in QB so that the returns show as having been satisfied in full? Many thanks.

Hi,Can I alter invoice’s to allow for the following :-Re: construction invoices Reverse Vat20% Labour cis deductionThanks

yvonne dunlop

Mm vat mtd connection has lapsed and I can't re-connect, getting not authorised message?

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murdac

Submitting a first vat return

HI I have just finished my first VAT qtr in quick books and preparing my first VAT return.I have transactions before I registered for VAT that I want to include.I have all the transactions recorded with the correct VAT rates and the correct balance is showing inthe VAT control account.However when I go to do my return it will only do a 3 month period and include transactions from that period.I can not adjust the period I want to claim for.The suggestion is to do adjustments, but when I try to do this it affects the control account as it asks for something to adjust against. but the transactions are are already there and it causes issues.Can anyone please tell me how to claim the past VAT. Thanks

YL_98

VAT codes and journal

I have a petty cash account - say I withdraw £200 and place it into my petty cash box, which is represented by that account. In the UK, it's common to use journal entries for recording transactions. For example, I recently spent £120 on office supplies, £20 of which was VAT.When recording this via a journal, I credit the petty cash account by £100 and apply a 20% VAT code on the same line. I then debit office expenses using the same approach. However, this results in my petty cash account only decreasing by £100, not £120—meaning the cash balance is overstated by £20. In short: Journal entries in QBO allow VAT codes, which implies that VAT will be handled correctly across all affected accounts. However, when you apply a VAT code to a net amount in a journal, the VAT portion is posted to the VAT control account, but the cash account is only reduced by the net amount, not the gross amount. This results in an overstated cash balance, which contradicts basic accoun

usman bashir

vat column in invoice

i am unable to get vat price column inside invoice when get pdf file .  

theracefarm

How to alter vat quarters done with hmrc but strange file date appeared, 28 Aug? Is it for 1 month?

next vat return lst aug-31st oct file date 28th aug? Altered quarters to start 1st Sept with hmrc

cwh01-hotmail-co

VAT detail and exception reports for previous quarters

How do I find VAT detail and exceptions reports for previous quarters?

joanne28

I submitted a VAT return with a spreadsheet that I need to reverse, how can i do this?

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eastwoodssussex

The connect to HMRC for Vat does not work for all clients. Did last quarter and ASA info is up to date - Any ideas?

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Ben2984765

Overseas Suppliers - VAT

I am VAT registered in the UK. I purchase some subscriptions from overseas companies e.g. workona.com, backblaze.com, Fiver.com. These are all digital products. Can some-one please tell me which VAT option I should be choosing. Some even have a VAT number on the invoice. The Fiver invoice has my business and my vat number on the invoice. Fiver is based in Israel, and at the bottom it mentions VAT.The backBlaze also has my VAT number on the invoice. They are based in America, but seem to have a GB invoice number on their invoice.Workona invoice does not have my VAT number on the invoice. They are based in USA. Attached are the invoices. Which VAT 0% option do I use? Or is it some Reverse charge option? Kind Regards Ben

Thunderbolt1

How does Quickbooks calculate VAT on invoices with a percentage discount

Hi All I understand that VAT is calculated per line item for a given invoice and then is rounded to 2 decimal places and I can calculate this correctly by hand. However when I add a X percent (in my case 2) discount on my invoice no matter how I calculate the VAT (so 20% of the 2% on the discount amount, or 20% of the 2% per line item pre quantity, 20% of the 2% per line item post quantity...) I cannot calculate the same number.. I have multiple invoices and no matter what I do some methods work for some but not for others to calculate correectly. Does anyone know the correct way discount percentages are applied to invoices? Invoices are entered ex vat.  Many Thanks  

vat portion no longer showing on transactions

and transaction entries no longer letting me enter vat category

Sophie-Watling

Please can someone help, my VAT column has disappeared so I can't enter anything

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emma2022

The VAT column in my supplier bills has disappeared. How do i get it back

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cj-cfs

I have run a VAT detail report and some of my invoices are showing £0.00 in the net amount column, on checking the individual invoices under the subtotal column it says VAT @ 20% on £0.00 even though the vat total is showing a positive figure. The 3 invoices concerned where all converted from quotes so i suspect this may have something to do with it.Any help would be much appreciated.   

PRM31

Regularly creating estimates the vat/ taxes are not working/ adding on error code 6000?

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info2209

Despite selecting no VAT for corporation tax, it’s still showing on the VAT report. My understanding is that all taxes an are outside the scope of vat.

Even though it’s not affecting the amount that we pay to HMRC it is distorting the figures.

tonyglasbey

Can I split a bank-fed VAT direct debit payment between the VAT return amount and the late payment penalty?

My last VAT was paid by direct debit but late as there wasn't enough in the bank to cover it.  HMRC took the VAT return amount plus the late payment penalty in the one payment.  I can find no way of editing the VAT payment to split out the penalty.  What I've done is "pay" the return in the VAT Centre by cash, transferred the bank payment to the cash account and written off the difference (the penalty) to Sundry Expenses, but this is hardly satisfactory.  Any suggestions

Vat is set up but VAT codes are not appearing in the invoices? I am just trying to add standard 20% vat, it is switched on in the manage rates but not accepting codes

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bohadody2005

Hello I need VAT Certificate please

I want to open an account with uber They asked me for a value added VAT Certificate can I get it please

robbie_newton10

Every expense i am trying to post it is asking me to enter vat, but i am not vat registered so why do i need to do this?

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samelkins101

Since update there is no tax line when submitting invoices so for example I can not add vat. Using android. Seems to work on ios however.

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scoopandscales

Can you submit corporation tax return to HMRC from QuickBooks?

We are a mutual and so cannot use HMRC online submission. They require the submission to be in ixBRL software. Is there a way to do this via Quickbooks?