Thanks for posting here in the Community space, Oliver. I'll give you insights into VAT in invoices added to the project income vs cost list in QuickBooks Online (QBO).
We want you to note that VAT can't be included in the income vs. cost column. However, you will be able to see the included VAT when you access the invoice you created in projects.
On the other hand, if you wish to track the taxable sales for a specific project, you can also generate a VAT Detail Report and remember to filter the customer to the appropriate project.
Let me know if you have further questions about VAT or any QuickBooks related. I'm here to help. Keep safe!
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