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Level 1

I am using Self Employed and need to upgrade for VAT but does Online track self assessment too?

Hi there, I am using Self Employed and want to upgrade for VAT reasons, however from looking at the comparison chart Online doesn't seem to track tax for self assessment which I will still need to use, is that correct and is there a way round this? Many thanks

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Best answer March 27, 2020

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QuickBooks Team

I am using Self Employed and need to upgrade for VAT but does Online track self assessment too?

We will note your comments and pass on your feed back, We have seen others who are self employed to only use the small business product and not use the self employed but they still keep note of there expenses etc to allow them to still do the assessment, they may do this on excel.

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QuickBooks Team

I am using Self Employed and need to upgrade for VAT but does Online track self assessment too?

Hello PaulViner, 

 

Welcome to the Community page, 

 

Yes, you are correct our online small business products you can not do self-assessments in them, you can only do this on the self-employed product. 

 

If you are needing to do both vat and self-assessments then you will need to have taken out both packages, a self-employed package for the self-assessments and one of the three small business packages for you to do your VAT. 

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Level 1

I am using Self Employed and need to upgrade for VAT but does Online track self assessment too?

OK. Although this means I will have to raise my invoices twice too and those expenses where VAT is applicable? Surely I am not the only person who needs to do this - are QuickBooks going to look at an alternative option where you can do both - it feels a bit galling to have to pay twice for something that is also very inconvenient? 

Highlighted
QuickBooks Team

I am using Self Employed and need to upgrade for VAT but does Online track self assessment too?

We will note your comments and pass on your feed back, We have seen others who are self employed to only use the small business product and not use the self employed but they still keep note of there expenses etc to allow them to still do the assessment, they may do this on excel.

View solution in original post