Individuals incur costs on our behalf and then reclaim supported by multiple receipts. How do I break down VAT properly so that there is no issue with MTD VAT?
Individuals incur costs on our behalf and then reclaim supported by multiple receipts. How do I break down VAT properly so that there is no issue with MTD VAT?
Individuals incur costs on our behalf and then reclaim supported by multiple receipts. How do I break down VAT properly so that there is no issue with MTD VAT?
Thanks for posting your question on Community.
Can I please confirm some further details, are these expenses which are incurred by employees or customers? QuickBooks Online will calculate the VAT correctly based in the VAT code applied to each transaction and this will then post to the relevant box on the VAT return.
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