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April 13, 2023
Question

If ABC business is VAT Registered but if some vendor is not VAT registered then which code should be used in QBO?

  • April 13, 2023
  • 2 replies
  • 4 views
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2 replies

Level 13
April 13, 2023

Hi nitinatideb

 

Thanks for joining the Community

 

Please refer to our VAT guide for information on VAT codes in QuickBooks. If you're unsure on which to use, we'd recommend confirming with your bookkeeper or accountant. 

paul72
Level 6
April 14, 2023

Hi @nitinatideb 

 

Receiving a bill/expense from a supplier who is not VAT registered - use Z=0 or Exempt (both have the same effect on the VAT Return which is the important thing).

Do not use NoVAT as this will bypass the VAT Return altogether.

 

Hope this helps.