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gillianhind
Level 1

Can someone tell me how to create entries for the vat fuel scale charge?

i have added this journal:
dr motor expenses gross amount exempt sales vat
cr moto expenses net amount 20% vat
Solved
Best answer January 28, 2020

Accepted Solutions
Ashleigh1
QuickBooks Team

Can someone tell me how to create entries for the vat fuel scale charge?

Hello Gillianhind, 

 

Unfortunately  we do not support this in QuickBooks you would need to reach out to an accountant who would be able to advise you the best way to record this. 

 

We welcome all other comments though from others 

View solution in original post

4 REPLIES 4
Ashleigh1
QuickBooks Team

Can someone tell me how to create entries for the vat fuel scale charge?

Hello Gillianhind, 

 

Unfortunately  we do not support this in QuickBooks you would need to reach out to an accountant who would be able to advise you the best way to record this. 

 

We welcome all other comments though from others 

paul72
Level 8

Can someone tell me how to create entries for the vat fuel scale charge?

Hi @gillianhind 

 

Yes - that looks fine to me - although I don't enter a VAT Code in the Debit line (or use NoVAT to keep this line off the VAT return).

I've seen slightly different methods on this forum (different Cr/Db accounts) but I've been doing it this way for years (in QB Desktop & now QBO) without an issue.

 

Screenshot attached.

ianuk1
Level 1

Can someone tell me how to create entries for the vat fuel scale charge?

Hi Paul


thanks for that.  Why is it duplicated in the screenshot tho ?

paul72
Level 8

Can someone tell me how to create entries for the vat fuel scale charge?

Hi @ianuk1 

Sorry - should have mentioned - that's for two cars.

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