How do I record the european country VAT I collect when I sell to EU customers using the ioss scheme?

Hi anna92 Thanks for reaching out to us here on the Community. As we're not accountants we're not able to provide you with the advice you require hopefully a Community member that is a professional will see your post and can provide you with assistance.

This is not a question for an accountant - I understand the accounting principles of the situation. I want to know the steps in Quick Books that I must take to record a VAT liability which arises from my sales to EU customers. I use the iOSS scheme to collect Euro VAT on sales to EU customers. I then pay this VAT monthly via a 3rd party (in Euros) who arrange the VAT return through the ioss scheme. 

It is important to record this VAT in a liability account which is entirely separate from the VAT liability account used for my VAT return to HMRC. What Quickbooks steps should I take to do this?

The EU's IOSS scheme is used by thousands of UK businesses who sell to EU customers. There must be a way to correctly record the VAT on these sales in Quickbooks.

Hi anna92 You could create a separate tax agency and associated tax rates/codes by following the steps in the article provided: https://intuit.me/3WHikle