VAT

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My invoice keeps printing VAT Agency, like I'm in the US! I want VAT reg no.... there is no way of changing it!

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We need to account for VAT that is reported under the EU IOSS VAT agency in our ledgers. We are currently using Desktop and have a solution on that software but need to migrate to QBO. So I would like to know how other users of QBO account for the EU IOSS VAT in their ledgers. Just to clarify the VAT is collected on sales to EU customers (we sell online via our own website) and we need to report the net amount in our HMRC UK VAT return as zero rated and account for the VAT collected in our ledger (this is submitted offline via a third party). We currently have a VAT Agency set up in Desktop and it works really well but I have not been able to replicate this in the QBO Test company.Thank you

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On the new update app I can't find how to add vat like the last version any help

This very question has been asked 4 years ago but the link to the answer is not found. I run Desktop Premier 2013 and the print/email invoices and purchase orders works fine but printing a prior VAT return, gives an error message saying "You need PDF software  to view and print this reconcilation report. Adobe Reader is a free pdf viewer available for download"  - I already have Adobe installed and works fine with printing Bank Reconciliation reports. What has gone wrong and can I get a patch or a link to get this up and running again? If there is anyone out there that can help it would be appreciated.  

I have received a letter from HMRC this week stating that because I have been submitting VAT returns using XML in the past, that from 8th April 2021 this will cease to be possible. As I have always been using the VAT return submission routine in QB Desktop (current installation is QB Desktop 2020), I don't see why this should be. Is this a potential issue that will be addressed by a future update to QB2020, or is this something that the developers will need to address as a matter of urgency?

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I tried following the link to go through the troubleshooting steps but I just keep getting an error code, I suspect it maybe due to having been registered before with a different number but I need QB to see the new one so I can use the MTD function which Also can't use at the moment, please help.

Hi, do previous HMRC VAT payments go on the VAT return under expense (box7)? thanks

There are 2 codes 20% RC CIS and 5% RC CISIf I am right, the 20% RC CIS accounts for sales where 20% VAT standard rate applies and the sale comes under the CIS regulations (20% retained of the labour element).It follows that 5% RC CIS is for sales where 5% VAT reduced rate applies and again the labour element sees 20% retained.We have a product which we install and this qualifies for a temporary zero rate of VAT and for some customers CIS applies.There isn't a 0% RC CIS code or have I missed something. How do I build one from the VAT rates page?

I am preparing a VAT return with is showing some exceptions on sales made over 12 months ago (with VAT at 20%), which at the time were correctly submitted on the return and VAT calculated. The exception also includes a sale for the exactly the amount / customer but on a sale and transaction that never happened.  I mistakenly corrected that date back 12 months. How can I check what has happened to those sales (possible adjustments etc) to make them now appear as adjustments, or how can I check they had VAT calculated / paid at the time on the return?

Hi,I am new to this forum and also new to VAT return filing. The first quarter of VAT return filing went very well all ok and I manage to submit to HMRC.   and the next quarter did the same way on all the expenses bills,but I have an issue with the VAT return,The total VAT claim for this quarter is £169, No VAT on sales, so its pretty simple only one expense.After recording all the expenses QB online is showing only £15.67 are claimable.

hi,  I'm a etsy seller based in the UK, I am not registered for vat and am struggling trying to find out the correct information where to record the vat I pay on my etsy fees, most of the information I have found so far seems to conflict.   The items I am trying to record are: VAT: PROCESSING FEEVAT: TRANSACTIONVAT: AUTO-RENEW SOLDVAT: AUTO-RENEW EXPIREDVAT PAID BY BUYERVAT: RENEW EXPIREDVAT: OFFSITE ADS FEE Also I want to make sure everything else Ive recorded is in the correct place/format  DEPOSITS SENT TO BANKLISTING FEEREGULATORY OPERATING FEETRANSACTION FEEFEE PROCESSING FEEMARKETING FEE FOR SALE MADE THROUGH OFFSITE ADSPAYMENT CARD PAYMENT (when etsy account doesn’t have enough to pay for fees)SALE PAYMENT FOR ORDERTAX SALES TAX PAID BY BUYER any help would be greatly appreciated, I'm new to this all and want to make sure I'm doing it right - thanks

I have set up all MY VAT however I'm showing as a negative balance  when "preparing Report for VAT" im on the FRS 8.5%  - so all sales have 8.5% added to my VAT balance ( correct ) my problem right at the bottom  gain/loss  - negative . i have noticed some transactions for expenses have 20%  applied to it which i think where the problem laysbecause i cant claim back VAT ( being on FRS ) should all my expenses be 0% VAT paid , as i cant claim this back anyways ? or I'm i required to put 20% as i technically paid 20% on that expense i know this is the culprit , as if i go to a large transaction, and make the 20% vat, 0% - it reduces the negative balance. however i cannot work out how to make the 20% transactions in the past 0% - only the rules for the future transactions could anyone shed some light please ? 

every time I try to enter a value in 0.00 column its taking me to the Adjust page.  This has never happened before and the quick books assistant doesnt seem to help.  Any ideas ?Thanks.

I have been adding vat that I have payed on my expenses, however I have noticed it's not showing when I do my monthly expense report, i.e I pay a subscription of £11.99 but only shows I have payed £9.99

Hi I'm struggling to change vat from 20% to 5% before adding bank transactions for the same payee. The job in question is eligible for 5% and I can't change it without changing every other payment that is 20%!

Hi, When entering a bill and/or supplier invoice either by bank feed or manually and this supplier/service is from a company who is not VAT registered ( I am) do I enter code Zero rated or No VAT?and what about companies/suppliers who are VAT registered but have not billed VAT e.g. Advertising on Facebook. Thanks

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why are my Vat payments to hmrc not showing as expenses on my self assessment

QBO Plus UK version. I have a question on Corporation Tax charge. If one wants to pass a provision for tax adjustment what sort of account does one create for the Corp Tax charge? It should be such that the P&L should show Net Profit before Tax and then Tax charge shown separately and then Net Profit after Tax. It must be in the conventional accounting presentation mode. Currently it seems the above cannot be done cleanly. Close one can come up to is to park the Corp Tax A/c under Other Expenses. There should be a better way! Help!

Hoping someone can help as I cant work this out.I have a client who pays HMRC monthly a payment on account. These monthly payments are entered as an expense to taxes prepaid, under prepayments.My question is how do i move these payments from prepayments to the Vat quarter it needs to be allocated against. I dont want to just delete them and re-enter them in the taxes record payment if there is another way.I have tried to journal them to the correct tax account but it doesnt allocate correctly and the vat balance still shows that same amount as owing.