How to post PVA VAT Statement and invoices

Hello xyxjuliexyx, 

Welcoem to the Communtiy page, 

So the RC MCCP code was to be used for the work around, so you will need to change the code back to the PVA code. So it is a case of going into each transaction and changing the code from rc mccp to the pva code. 

Thank you I am aware of that, but the PVA code still doesn't work.

When it does work I am still unsure as to whether if I have the Customs Declaration Statements, (CDS), I need to enter invoices on QB using the PVA 20% tax code or the PVA 0% tax code and enter the amounts from the CDS elsewhere and if so where and how so it shows correctly on the VAT Return?

Let me help enter invoices using the PVA tax codes, @xyxJuliexyx.

Make sure to set up the VAT codes and rates properly and use the PV Accounting codes in the VAT return.

On the other hand, to give you more details about the different VAT codes that are available in the system together with their posting on your return, please scan through these links:

• Common VAT Codes
• Brexit FAQ

Know that the Community got you covered if there's anything else you need. We're always here o help. Have a lovely day!

Hi,

I'm with Julie in that i don't think PVA VAT is working properly and we are using the workaround of RCVAT codes. this puts all the right numbers in the right places but is really not very satisfactory.

My client imports and is really confused by the workaround which i have to keep helping him with and checking that the PVA codes still rant working properly which they aren't.

The key problem is that the PVA codes increase the sales value which they shouldn't according to the HMRC website.

Fixing this should be quite important to Quickbooks especially as Xero works spot on.

Peter

Hi, I am also due to process a VAT return to the end of June and have exactly the same issue.

My VAT return looked OK before changing everything to PVA 20%.  When I calculated the VAT due on sales in box 6, I was a few pence out. 

Having changed the code to PVA 20% on the applicable transactions, all of the figures in box 1, 4 and 7 do not agree.

My return at the end of March using the RCC code, was fine.

I do not believe that the issue with PVA VAT Codes has been resolved.  If you would like me to send a copy of the VAT return as it stands, please advise ?

Kind Regards
Sam Wilkins

Please advise?

Thanks for the update, @Samjw. Let me guide you on the actions you need to take care of your VAT concerns in QuickBooks Online (QBO). 

When your VAT return shows incorrect figures, this is caused by the data entered on the applicable transactions. You can delete them, then recreate them containing the appropriate VAT code (PVA 20%) so your returns on boxes 1, 4, and 7 agree with each other.

To void or delete transactions, here's how: 

1. Go to the Sales or Expenses menu.
2. Find and open the transaction.
3. Review the transaction. Make sure you need to void or delete it.
4. If you want to include the void or delete date, add a note to the Memo or Message section.
5. Select More in the footer. Then select Void or Delete.
6. Select Yes to confirm.

Once done, recreate the applicable transactions through the + New button. Make sure to select the appropriate VAT code to keep your data updated.

In case the issue persists, I encourage you to contact our Customer Care team They can securely pull up your account, check the cause of the issue, and guide you with a fix. To do this, here's how: 

1. Go to the Help menu.
2. If you're routed to the QB Assistant window, enter Talk to a human.
3. Select Contact a human.
4. Then, click Live Chat/ Call me back.
5. Enter a brief description of your concern in the What can we help you with? field.
6. Clicks Let's talk.
7. Choose a way to connect with us (i.e., Start a chat or Get a callback).

I've attached a screenshot below for your reference.

Also, when you set up VAT, QBO automatically sets up a list of common VAT codes for you. To know the complete list of codes, you can refer to this article: VAT codes and rates.

We appreciate your patience regarding this matter. In case you have other inquiries or VAT concerns, let me know in the comments below. I’ll be around to back you up. Have a good one and keep safe.

Hi Rea,

Thank you very much for your reply.  The issue is not that we have entered the information incorrectly.  All of the invoices were entered initially using VAT code RCC 20% as at the time, QB had not resolved the issue with the PVA VAT codes.

We have now changed all of the VAT codes to PVA 20%, however the information contained in the VAT return does not appear to be correct (as per the VAT return that I sent over earlier).

I do not really wish to have to delete and then re-enter 3 months worth of  purchase invoices. Please advise?

Thank you.  I am in the office tomorrow morning so will do this then.

Kind regards

Sam [Removed]
FGE Biomass
Tel: [Removed]

Did QB ever resolve this satisfactorily? I have the same issue and QB online will not allow me to make the required Journal entries

Thanks

Paul

Hi Paul

They did eventually resolve.  You should be able to activate two new VAT codes by going into

Taxes > Edit Tax> Edit rates and selecting PVA 20% and PVA 0% - slide the bars across to ON, to switch the tax codes on.

When entering a sales/purchase invoice, you should then be able to use the relevant VAT code (usually PVA 20%).

Hope this helps.