Are the taxes charged on invoices taken into account as income in the profit and loss report?

Hi there.

Allow me to share some insights. Value Added Tax (VAT) charge on invoices is a liability tax, not an income account. Normally it's an obligation you owe from your country's tax agency.

You can however show it to your Profit and Loss reports. Here's how: 

1. Go to the Reports menu.
2. Locate and select the Profit and Loss Detail report.
3. In the open Profit and Loss report, filter the Report Period.
4. Select the Customise button, and select the Rows/Columns item to open the section.
5. From the Rows/Columns drop-down, select Change columns.
6. Put a checkmark on the VAT Code and Tax Amount.
7. Choose Run report.

Additionally, I'm adding some links that you can check out to learn more about customising and memorising reports in QBO for future reference:

• Customise reports in QuickBooks Online
• Memorise reports in QuickBooks Online
• Common custom reports in QuickBooks Online

Please feel free to post again if you have any other QuickBooks questions. Don't hesitate to post a reply below. Have a great day!