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Hi There,
I have a client who uses the Antiques VAT special scheme where they must state on all invoices that they use the scheme, they obviously show their VAT number but they don't need to show VAT breakdowns.
To be clear, the scheme is that the VAT on an invoice is actually the VAT on the profit, the difference between the cost and sale price.
I want to use the Quickbooks invoices so the client can send invoices to their customers etc, however, I cannot find a way to make the pdf and emailed invoices to exclude the VAT breakdown or even VAT total, obviously if it is displayed, then any knowledgable customer would be able to work out the clients profit! To be clear, the buyer usually can't claim VAT on such purchases hence VAT does not essentially need to be broken down on the invoice so I want it removed.
Anyone with any ideas?
To be clear, I'm using MTD to submit VAT so using "No VAT" on invoices is not an ideal solution but I am considering it as a last resort, the downside of it though is that for every invoice raised a corrected journal with sales net and VAT has to be entered to correct the VAT return info!
Screenshot below of the invoice template I'm trying to work with, and the offending VAT amount. The VAT columns and footer VAT summary were all easy enough to remove.
Welcome to the Community, jaimied.
You can modify your invoice template to remove the VAT summary on your invoices. I'll help you how.
For more options about customising your form templates, you can check out this article: Customise invoices, estimates, and sales receipts in QuickBooks Online.
If you want to gather more details about handling sales forms in QBO, you can check this article : Add, customise, or remove logos on sales forms.
You can always visit here if you have other questions with QuickBooks or follow-up concerns with this matter. Stay safe always.
Hi TirzahC,
Thanks but I had already removed the VAT summary which is the box which usually sits at the end and breaks down any VAT code rates.
The line I am trying to remove is in the totals (Where total, Total VAT, shipping and grand total are listed).
Jaimie
Allow me to step in share some insights about removing the Total VAT line item, jaimied.
The Total VAT and other line items in blue are default. Hence, you're unable to hide or remove them.
You can send feedback about the feature that you want. It goes to our Product Development Team to help improve your experience in QuickBooks.
I'm adding these articles to guide you through managing VAT returns and what report to check to see the amount.
Get back to me if there's anything else you can add about removing the Total VAT item on the invoice. I'll be right here to provide the information that you need.
Thank you MaryLandT,
I'll have to go with the "no vat" invoice option and journal in the sale for the VAT return, I'll be sure to suggest this on feedback, it's UK's HMRC Vat margin scheme https://www.gov.uk/vat-margin-schemes for clarification, I'll work around it for now.
All the best,
Jaimie
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