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March 19, 2019
Solved

How to file partial exemption VAT returns in QB?

  • March 19, 2019
  • 1 reply
  • 3 views
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Best answer by payment after leaving

Hi lyndsay

 

QuickBooks online doesn't directly support partial exemption VAT returns. You could input the transactions with standard VAT codes and then do an adjustment (however we advise that you seek advise from accountant to establish if this method is acceptable) or do the calculation outside of QuickBooks using Excel and use the bridging tool to submit the return to HMRC in accordance with MTD.

1 reply

Level 10
March 19, 2019

Hi lyndsay

 

QuickBooks online doesn't directly support partial exemption VAT returns. You could input the transactions with standard VAT codes and then do an adjustment (however we advise that you seek advise from accountant to establish if this method is acceptable) or do the calculation outside of QuickBooks using Excel and use the bridging tool to submit the return to HMRC in accordance with MTD.

April 2, 2020

Hi

Where did you get that riding tool please

Level 14
April 2, 2020

Hello Modern Taxation, 

 

Welcome to the Community page, 

 

The bridging tool is on hmrc's website where you would be able to do the submission.