Can I record VAT in several European countries but only do the UK VAT return through Quickbooks?

smart-biz-intern · ‎January 08, 2020

We are a UK business. We have now registered for VAT in Germany but will only register in the UK from March. I would like to set up VAT but I obviously need need to separate the countries as QB will be used to do the UK VAT return.
Is this possible?
Thank you to anyone who can give us any answers about this.

John C · ‎January 08, 2020

Hi smart-biz-intern

If you are registered for VAT in the UK and sell and purchase goods throughout Europe you can allocate the EC codes against the transactions. When you set up your EC customers you will have to enter a country i the address section and also tax number, this will then appear on on the VAT 101 report.

If you are registered for Tax in an EC country as well as the UK you can set up additional tax agencies, Taxes > Add tax > Custom tax enter the relevant details and tax percentage. When you create a transaction the tax code will appear in the VAT column drop down menu as the percentage you entered with the name of the new tax agency in brackets.

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Can I record VAT in several European countries but only do the UK VAT return through Quickbooks?

Can I record VAT in several European countries but only do the UK VAT return through Quickbooks?

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