No record VAT payment option.

wgdgs · ‎March 04, 2020

Hi

I'm new to quickbooks and VAT in general.

I made a payment to HMRC for my first quarter VAT payment, but not through MTD as I'm under the threshold that requires it (I do intend to set this up, but having trouble registering as an agent).

When I go to the taxes tab, I have 1 open return, but there is no option to record the VAT payment against it. It does have the status "Take Action" and asks to connect to HMRC above, but as I am not MTD registered it doesn't work.

Please help, I need to organise my next VAT return. Thanks

John C · ‎March 04, 2020

Hi wgdgs

You will have to turn off MTD, Taxes > > Edit VAT > Edit Settings > Turn off MTD > Save.

Ensure that the return dates are correct and the figures are the same as those you have filed at HMRC.

Select Prepare return > then select the drop down menu to the right hand side of submit to HMRC > mark as filed.

This will mark the period as filed and on the main taxes page you will have an option to record payment. When you select record payment complete the fields, ensure that you select the correct account that the payment was debited from, the corresponding date and the amount.

View solution in original post

John C · ‎March 04, 2020

Hi wgdgs

You will have to turn off MTD, Taxes > > Edit VAT > Edit Settings > Turn off MTD > Save.

Ensure that the return dates are correct and the figures are the same as those you have filed at HMRC.

Select Prepare return > then select the drop down menu to the right hand side of submit to HMRC > mark as filed.

This will mark the period as filed and on the main taxes page you will have an option to record payment. When you select record payment complete the fields, ensure that you select the correct account that the payment was debited from, the corresponding date and the amount.

wgdgs · ‎March 04, 2020

Thank you, that worked.

Looks like the problem I had was that I turned off MTD in the account settings, rather than in the Taxes section. Not sure why that made a difference!

John C · ‎March 04, 2020

Hi wgdgs

That's great news, if you require further assistance please contact us.

Topics

Training

Community

Resources

No record VAT payment option.