Solved: Re: GoCardless to charge VAT on their fees. How will QBO deal with this

Merlin · ‎November 09, 2020

Hello.

Has there been any update for this as we've just picked up on the fact QB isn't applying VAT correctly on Gocardless integrated transaction fees?

After speaking with GoCardless they have advised all third party integration development teams have been notified of the impending change well in advance with plenty of notice. However in their words "some third parties have been quicker than others at implementing the change\fix"

Quickbooks, lets get this issue sorted please!

Merlin · ‎November 09, 2020

Hi AKUK

FYI

After speaking with GoCardless they have advised all third party integration development teams have been notified of the impending change well in advance with plenty of notice. However in their words "some third parties have been quicker than others at implementing the change\fix"

suzyw · ‎December 29, 2020

Add me to the list too - this is a nightmare!

Merlin · ‎February 01, 2021

Looks like QB have fixed this issue and the VAT is now automatically applied. Would have been nice to receive

notification from QB regarding the fix :)

Malc99 · ‎February 01, 2021

Couldn't agree more Merlin.

I just started doing the first pass for my VAT return and noticed the GC payments do indeed appear to have the VAT accounted for. So I need to go back and reverse the journals I've been doing and make sure they match what GC put on their invoices.

So, Intuit had months advance notice of this change, provided no workaround, left us completely in the dark and then provided an out-of-the-blue fix with no prior notification.

Thanks Intuit, loving your customer service !!

emmam6 · ‎September 29, 2022

Hello Community Users! We just wanted to come back to this thread to advise we updated the way the automation of Go Cardless fees accounts for the VAT now charged by them. So this should be posting correctly without needing to make any manual changes. Any questions just reply back here.

Topics

Training

Community

Resources

GoCardless to charge VAT on their fees. How will QBO deal with this

GoCardless to charge VAT on their fees. How will QBO deal with this

GoCardless to charge VAT on their fees. How will QBO deal with this

GoCardless to charge VAT on their fees. How will QBO deal with this

GoCardless to charge VAT on their fees. How will QBO deal with this

GoCardless to charge VAT on their fees. How will QBO deal with this

Need to get in touch?