VAT

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The instructions sayClick on 'Taxes' on the left of your QuickBooks account. 2. Locate the return under the Submitted or Filed section.3. Click on the drop down arrow at the end of the line and select 'Record Refund'.4. Fill out the required information and click 'Save'.But you can't do that as the returns (I've got 2 now) are in the PAID section immediately on submitting them

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Hello,I have received a refund from HMRC relating to an overpayment of Corporation Tax.However in the letter received it stated that a partial payment of this would be offset against outstanding PAYE.The payment has been issued and I have received the balance payment into the bank. However I have am yet to process this all into QB as am unsure of how to capture all this information without complication.Any assistance in how to process this all through QB would be appreciated. 

We are a UK business using Stripe Ireland for their payment gateway servicesWhich VAT code should we use for their feesThank you

Hi,are the vat exceptions automatically being added to the next return?I just received a lot of invoices that covers previous period, and when I added them they are shown as exception. Thank you 

Am I able to journal a posting to the VAT control account which will also appear on the VAT 100 report in QB Online as I did for Quickbooks desktop version 2019 please?

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The reports tab, has no data in it for the relevant period!! The VAT return has been submitted and accepted

My employer has 2 separate companies on QBs but they are one legal entity.  How do we combine the VAT Return info from both to file one VAT Return ??  Many thanks

Hi All,I brought goods/samples from EU back to the UK in my hand luggage and declared the goods online. I paid for VAT but not sure how to add it to Quickbooks as there is only the VAT amount that I paid. For other goods that were sent by courier, I entered the courier charge to 'Amount', selected '0.0% Z' which allowed me to enter the correct amount paid for VAT manually. But not sure how I should do in this case? 

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Hello, My query is on VAT, I’ve been testing the migration from QuickBooks desktop Premier to QuickBooks Online and have run into a VAT issue. If anyone could please help me. Just to give you an update of what I did, I manually pushed (quickbooks desktop premier to quickbooks online) the chart of accounts, product list and the VAT codes. Suppliers and Customers were pushed using an API tool (quickbooks desktop premier to quickbooks online). Customers and suppliers every transactions of quickbooks desktop premier (such as invoices, credit notes, bills, sales receipts) were recorded as an opening balance to respective supplier / customer accounts when they were migrated to quickbooks online. All of the balances that were migrated were reflectling correctly in the customer / supplier accounts. Coming to VAT, because customers and suppliers were pushed via API, the system considers these entries to be an opening balance. Due to which, the system is unable to calculate the VA

I am looking for some help with our first VAT return in the UK. We use Quickbooks but there are some scenarios we aren't sure about.(1) Once we added our VAT number, we do not pay VAT on our Amazon or Stripe fees. My understanding is that we should be using 20.0% RC SG (Reverse Charge Services 20%) tax rate in Quickbooks. However, this is causing the Vat amount to appear in Box 4 "VAT reclaimed in the period on purchases and other inputs (including acquisitions in Northern Ireland from EU member states)".Is this correct as since I never paid this input VAT not sure if we can offset it against output VAT? (2) We sell on Amazon using Fulfillment by Amazon. All stock is stored in the UK, and when we sell on Amazon to Ireland, Amazon deduct the UK VAT, charge Irish VAT (23%) and pay us ex VAT. What VAT rate should we be applying to these transactions? Is it 20% ECG EC Goods Standard? 

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I have just come from quick books self employedI have inputted my FRS code and turned it on in the settingsWhen I start to categorise my transactions it shows this error:"Were sorry, QuickBooks encountered an error while calculating tax. Try reselecting the tax rate or reentering the product/service item and saving the form again." When I pick a different rate is works but returns this error when I select the FRS rate  

Hi all, This is my first post here, so if I make an error of etiquette, please bear with me. Here is my problem: I ordered parts from China via AliExpress. I paid the requested amount, which covered the products and the shipping. So far so good. As expected I then received an invoice from FedEx for import duty and (here’s the issue) the VAT. So, I have an invoice for £57.85 from FedEx of which £41.35 is VAT. I tried to post the £41.35 directly into the VAT Control account but probably not surprisingly the system said, “No” … I considered adding the £57.85 to the original invoice from AliExpress but that feels wrong because I have an invoice from FedEx. All and any (helpful) thoughts would be much appreciated. Thanks

TIA,What is the best plan for a limited company that is VAT exempt? I cannot find any information on this and the live chat is basically usueless... I assume there are many others in my situation so if anyone can help I would appreciate it very much.