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I have created a tax group (for EU acquisitions which are B2B tax neutral purchases within the EU) for an EU client using the international version of QB sold for Denmark. The tax group imposes 2 input tax codes to an expense: 25% for input tax, then -25% input for the adjustment (tax shift). It looks correct on the transaction, but when I look at the VAT report, the adjustment is positive, not negative - so input tax is being doubled, not zeroed. This must be a coding issue within QBO.
Hello Nortical :waving_hand:, Thanks for reaching to the Community with your question. Could you provide a screenshot of the set up the tax group and also how this is showing in the VAT report so we can look into this for you and provide a way to achieve what you want on the tax group.Thanks:smiling_face_with_smiling_eyes:
I have reached out to the email 'support' for the international product but have got nowhere.
Also, tax groups cannot be edited or deleted/ inactivated. This is frustrating since I experimented with another test group which cannot now be removed.
Hello there, @Nortical.
Currently, the option to edit your tax is unavailable in QuickBooks Online.
However, you can inactivate the sales tax. By doing that, it will not affect your sales tax calculation neither it will be included in your reports.
Here's how to inactive your tax:
You can visit this link: VAT Centre. This article provides you detailed steps on how to set up your VAT and edit its settings, codes, and rates. This also helps you add tax rate, group rate, or custom tax to your company.
I'm still here if you have other concerns though, just leave a comment below. Have a great day.
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