How do I set up at 20%ECS code? Every time I try and set this code up it just adds the VAT on and doesn't take it off again (this is to account for reverse charge VAT)

tammy-dalton · ‎June 01, 2020

ChristieAnn · ‎June 02, 2020

As mentioned by my colleague above, once you activate the VAT in QuickBooks Online, the system automatically creates the common codes. And, this includes the 20% ECS code. That being said, there's no need to create a new one.

All transactions that came from QBDT may still use the old VAT rate. However, you can also change the vat codes in the transaction using the default ones created by QBO.

Since the system won’t let you change the vat code that was imported from QuickBooks Desktop, I suggest contacting our QuickBooks Support Team. They can pull your account and may look to refresh the VAT codes to resolve this issue:

1. Open your QuickBooks Account.

2. At the top right, click the Help icon.

3. Click Contact Us.

4. Under What can we help you with?, enter your concern about the vat codes.

5. Click Let's Talk.

6. You'll be routed into the Choose a way to connect with us page.

Start a chat with a support expert.
Get a callback from the next available expert.

7. Select how you want to contact them and fill in the information.

Please check these articles to see a table that contains different VAT codes and how to make any changes to your VAT settings, codes, and rates:

Please know that you're always welcome to post if you have any other concerns. Wishing you and your business continued success.

View solution in original post

Kristine Mae · ‎June 02, 2020

When you turn on the VAT, the program automatically creates the common codes, Tammy-dalton. That includes the 20% ECS code.

I'll guide you on how to check it out:

Click Taxes.
Go to the VAT tab.
Click the Edit VAT drop-down arrow, then select Edit rates.

Regarding your concern that the code just adds the VAT on, let's ensure we have selected the correct option. It's either Exclusive of Tax or Inclusive of Tax. These two options play a great role with the VAT calculation.

Let me share the reference about the common VAT Codes for more information.

Get back to us if you have other VAT concerns. We're just around to help you.

tammy-dalton · ‎June 02, 2020

Thanks for your reply. It is indeed one if the common codes already set up but this quickbooks was imported from an old desktop quickbooks and that code is set at 17.5% VAT which it won’t let me change. So I need to set it up as a new one and it needs to post the VAT as sales and purchase VAT to account for the reverse charge. Can you help please?

ChristieAnn · ‎June 02, 2020

Hi there, tammy-dalton.

As mentioned by my colleague above, once you activate the VAT in QuickBooks Online, the system automatically creates the common codes. And, this includes the 20% ECS code. That being said, there's no need to create a new one.

All transactions that came from QBDT may still use the old VAT rate. However, you can also change the vat codes in the transaction using the default ones created by QBO.

Since the system won’t let you change the vat code that was imported from QuickBooks Desktop, I suggest contacting our QuickBooks Support Team. They can pull your account and may look to refresh the VAT codes to resolve this issue:

1. Open your QuickBooks Account.

2. At the top right, click the Help icon.

3. Click Contact Us.

4. Under What can we help you with?, enter your concern about the vat codes.

5. Click Let's Talk.

6. You'll be routed into the Choose a way to connect with us page.

Start a chat with a support expert.
Get a callback from the next available expert.

7. Select how you want to contact them and fill in the information.

Please check these articles to see a table that contains different VAT codes and how to make any changes to your VAT settings, codes, and rates:

Please know that you're always welcome to post if you have any other concerns. Wishing you and your business continued success.

AC Payroll · ‎January 21, 2021

Are you using online or Desk top? Ive just managed to change all the desktop VAT RC to 20%

CLICK:

Lists

Item Lists

right click to edit

VAT Item and VAT group

Ive put dummy sales & Purchase invoices on to check the return and its worked . Hope this helps

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How do I set up at 20%ECS code? Every time I try and set this code up it just adds the VAT on and doesn't take it off again (this is to account for reverse charge VAT)