Items not reported on your VAT return

SPARES4REPAIR · ‎October 14, 2021

I have recently just started using quickbooks, getting the hang of it slowly. I have been monitoring my VAT etc, and have noticed in the VAT section where you can error check where there are quite a few transactions that say

'Items that won't be reported on your VAT return'

My question how can i sort this out?

It also says '

Any items with the No VAT code will be excluded from this VAT period. Make sure the code has been used correctly for these items.'

How can i change this at this stage?

any help is appreciated

Rasa-LilaM · ‎October 14, 2021

Hello there, SPARES4REPAIR.

I’m glad to know you’re acclimated to the tasks you can do in QuickBooks Online (QBO). Let me help and guide you on how to move past the error in your VAT return.

The messages you encountered indicate that the items are set to no VAT instead of inclusive or exclusive of VAT. To sort out the issue, click the Review Now button to show the affected entries.

You’ll have to open the transaction one at a time. Then update the tax code on the transaction’s page to fix it.

Here’s an article that provides more insights into this process: Introduction to QuickBooks VAT error checker. It contains solutions on how to resolve each VAT-related issue.

Additionally, these resources will guide you on how to keep accurate records of the tax that you collect and pay. From there, you’ll learn about submitting a tax return and other VAT related-activities.

Keep in touch if you have any clarifications or other tax concerns. I’m always glad to answer them for you. Wishing you and your business continued success.

View solution in original post

Ashleigh1 · ‎October 14, 2021

Hello SPARES4REPAIR, thanks for coming back to us here, If the items have deleted in the corner it will mean that the transaction was deleted in Quickbooks. It may then have been re-added which is why it would show on the return. We can arrange to take a closer look into this report and the errors in more detail to get to the bottom of this just call us on the support line. We're open mon to fri 8am to 7pm, you will be able to set up a screen-share with the agent and they will be able to have a look into it all and go though it with you.

View solution in original post

Rasa-LilaM · ‎October 14, 2021

Hello there, SPARES4REPAIR.

I’m glad to know you’re acclimated to the tasks you can do in QuickBooks Online (QBO). Let me help and guide you on how to move past the error in your VAT return.

The messages you encountered indicate that the items are set to no VAT instead of inclusive or exclusive of VAT. To sort out the issue, click the Review Now button to show the affected entries.

You’ll have to open the transaction one at a time. Then update the tax code on the transaction’s page to fix it.

Here’s an article that provides more insights into this process: Introduction to QuickBooks VAT error checker. It contains solutions on how to resolve each VAT-related issue.

Additionally, these resources will guide you on how to keep accurate records of the tax that you collect and pay. From there, you’ll learn about submitting a tax return and other VAT related-activities.

Keep in touch if you have any clarifications or other tax concerns. I’m always glad to answer them for you. Wishing you and your business continued success.

SPARES4REPAIR · ‎October 14, 2021

Thank you for your reply, I have followed the steps but when I open my transactions from the 'items not reported on you VAT return' I do not get the same screen as you. I get the 'stock starting value' as seen my screenshot below. What am I doing wrong?

SPARES4REPAIR · ‎October 14, 2021

SPARES4REPAIR · ‎October 14, 2021

Also if you look at this invoice for example which is one of them in the error, there is actually a VAT assigned, see photo below.

John C · ‎October 14, 2021

Hi SPARES4REPAIR You could run a No VAT report from the reports option within the main menu. We're unable see the details within the image you provided, what VAT code are you using, are you using cash or accrual basis within the taxes section and what is the date of the invoice and what is the date of the invoice payment?

SPARES4REPAIR · ‎October 14, 2021

I am using 20% VAT, some of the items in the report have (deleted) near the title, the date of invoices and payment are same day as im a online seller and receive payment same time.

Im not sure if these transactions are valid or not, because when i went to the VAT detail report the exact same item is there with the correct VAT that i should be paying?

Ashleigh1 · ‎October 14, 2021

Hello SPARES4REPAIR, thanks for coming back to us here, If the items have deleted in the corner it will mean that the transaction was deleted in Quickbooks. It may then have been re-added which is why it would show on the return. We can arrange to take a closer look into this report and the errors in more detail to get to the bottom of this just call us on the support line. We're open mon to fri 8am to 7pm, you will be able to set up a screen-share with the agent and they will be able to have a look into it all and go though it with you.

Topics

Training

Community

Resources

Items not reported on your VAT return