cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Do you have a question about self-assessment or anything else? - Ask it here!
info121
Level 1

Hello Could you advice on how to file Vat return on clients who are on a Retail scheme . Thank you

 
Solved
Best answer February 28, 2019

Accepted Solutions
TaliaI
QuickBooks Team

Hello Could you advice on how to file Vat return on clients who are on a Retail scheme . Thank you

Hello info121,

 

Welcome to the Community - thank you for your question!

 

You will need to use the bridging tool to submit retail scheme VAT. Please find attached a link on our bridging software and how to use it: https://quickbooks.intuit.com/community/Help-Articles/Submit-a-VAT-return-through-bridging-software-...

 

Thanks,

Talia

 

 

View solution in original post

5 REPLIES 5
TaliaI
QuickBooks Team

Hello Could you advice on how to file Vat return on clients who are on a Retail scheme . Thank you

Hello info121,

 

Welcome to the Community - thank you for your question!

 

You will need to use the bridging tool to submit retail scheme VAT. Please find attached a link on our bridging software and how to use it: https://quickbooks.intuit.com/community/Help-Articles/Submit-a-VAT-return-through-bridging-software-...

 

Thanks,

Talia

 

 

legalnumbers
Level 2

Hello Could you advice on how to file Vat return on clients who are on a Retail scheme . Thank you

Hi, this link doesn't work.

Jovychris_A
Moderator

Hello Could you advice on how to file Vat return on clients who are on a Retail scheme . Thank you

Hello, @legalnumbers.

 

My peer, Talial, would be happy to share with you the working link. You can reference this article: Submit a VAT return through bridging software.

 

You can also check the QuickBooks MTD bridging solutions - FAQ article to learn more.

 

Thanks and please place a comment if you need further assistance, we'd be happy to help. Stay safe!

legalnumbers
Level 2

Hello Could you advice on how to file Vat return on clients who are on a Retail scheme . Thank you

Hi, is the bridging software available to desktop users? The link above is broken.

legalnumbers
Level 2

Hello Could you advice on how to file Vat return on clients who are on a Retail scheme . Thank you

In my case most of my sales are zero rated and I use the retail scheme apportion some of the sales as standard. So I record all my sales with a "retail" code that has a zero rate. Then at the end of the quarter I do the calculations manually to find the VAT apportionment. I then do a journal entry debiting the 'retail' sales, crediting standard VAT sales obtained from the calculations and to which I apply a a standard 20% rate. Seems to work. 

Need to get in touch?

Contact us