Interested to know how people manage multiple VAT agencies in QBO?

Sandra5000 · ‎January 30, 2023

We are about to order goods from an EU country and get them shipped directly to a customer in another EU country. My understanding is that as the supply is outside of the UK, we would need to set up a VAT registration in the country of supply.

Any thoughts as to how best to manage this in QBO would be appreciated.

I cannot see anyway to add a second VAT agency. Therefore I wondered about adding the purchase and sale transaction as no VAT (out of scope) which would serve to exclude them from the UK VAT return. But is there a way to create other VAT codes that would be excluded so I could capture the transaction for inclusion in the EU VAT return.

Or is there a better way to manage?

FateCandylaneT · ‎January 30, 2023

Thanks for reaching out to the Community Space, Sandra5000. I've come to share details and steps to ensure you're able to add other VAT agencies to your QuickBooks Online (QBO) account.

With QBO, we can automatically calculate VAT to assist you when filing them. With that, we can create a custom tax agency to help you create a second VAT agency. You may refer to the steps below:

Go to Taxes from the left menu bar and select Add tax.
Choose the type of tax you want to add and enter all the necessary details.
Select Save.

Also, to help you create VAT codes, you can visit this article: Set up and edit VAT settings, codes, and rates.

I'm adding this reference to guide you with the list of common VAT codes and how they are used on your sales and purchase forms: VAT codes in QuickBooks Online: A complete guide. It contains detailed information about the different rates and HMRC guidelines.

You can always reply in the comments below if you have additional questions about VAT returns. We'd be glad to assist you further. Take care!

Sandra5000 · ‎January 31, 2023

Hi FateCandylaneT

Thank you so much. I'm not sure how I missed the "Add Tax" button!!

Sandra

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Interested to know how people manage multiple VAT agencies in QBO?

Interested to know how people manage multiple VAT agencies in QBO?

Interested to know how people manage multiple VAT agencies in QBO?

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