VAT

Hi there,How do you claim VAT on items bought prior to VAT registration?It states on HMRC website that you can claim up to 4 years worth but I don't know how I go about this on Quickbooks. Can anyone advise me on this matter please?Many thanks, Brad.

I am noticing that the estimated FRS VAT calculation in the Invoice section is consistently out for example:Estimated FRS Amount @ 16.5% on 18,702.90     £3,179.49 in today's calculation. This is actually 17%. It looks like a rounding of the 16.5% up to 17%. Apart from being incorrect (albeit it says estimated) I was unclear if this value is then used elsewhere and knocks out the P&L figures or anything else. Thanks

I operate a simple small business with a single bank account, which everything goes through. I use the bank feed as a to-do list, going through the "For review" to add all expenses. Hopefully this isn't a bad way of doing it.... I've had a few occasions where I purchased something however then changed my mind and had it refunded. So I see the payment then the refund come up on the For Review feed. From here I add the payment as an expense, then the refund as a deposit. I thought this was correct, however upon a recent VAT return, I noticed that the refund deposit was hitting Box 1 and Box 6, showing as income from a sale, which isn't correct.... In this instance the transaction was Zero rated so didn't have a material affect on the VAT return. However I think it looks strange as there is income in the Box 6 (Net value of sales) and not Box 1 (VAT on sales)....so it looks like I'm selling without VAT, which is not the case....

I have input the wrong figure on my vat return, how do I amend error before I summit. thanks

The payment has been matched in banking.

HI, I am trying to create a simple report over a period that shows all the transactions that have VAT and group them together with a total in one section (with a total) and all the transactions without any VAT (with a total). I am really struggling to know what one to choose- can anyone help? Thanks

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HiWe are based in the Republic of Ireland and are currently using Quickbooks Desktop Pro 2020.We occasionally purchase products from UK-based suppliers.Obviously, since the beginning of this year, we can no longer use the EU vat codes to account for the vat.How are any other Irish users managing this or does anyone know if Intuit plan to upgrade (or may have already done so) the product to include either new vat codes or the new boxes that will be available on the next Vat return to Revenue?

Do I need to create an invoice in shopify? To do this and how do I do it please?

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We have just registered for VAT after trading for 2 years. I know that we can reclaim all historical VAT that has been paid on non-stock expenses, and we can reclaim the VAT for the inventory that we had on hand as of the date that we registered for VAT. I've seen a couple of threads on here on how to claim historic VAT but I have a couple of additional questions. 1) I have submitted a blank / nil value VAT return for the period preceding when my VAT registration goes live, I understand that I have to do this to be able to trigger exceptions for historical VAT. But, do I have to submit a blank VAT return for the last 2 years? Would the bills that are dated prior to the VAT period of the blank VAT return still get triggered as exceptions? If not then how do I include all of the last 2 years worth of non-stock bills in my first return? (I'm happy to go back and edit them as there's not actually that many to do) 2) What is the best way to calculate the VAT reclaim on the in

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This is the case with more than one client and I have rang HMRC who have clarified there are no issues on their side

I think perhaps a glitch on the system since the reduced rate ended in March 2022. However, in cases where a hotel was booked and pre-paid but with a flexible option for cancellation up to the day of stay, the reduced vat rate still needs to be selectable in QB.I have just received a refund from a hotel that was booked and paid for during the reduced rate period and so only 12.5% vat was charged. The refund has been made after the reduced rate period has ended however the hotel company have understandably refunded the same vat rate that I paid at.Despite 12.5% TR being activated in 'Manage VAT Rates', it is for some inexplicable reason not in the drop down menu when selecting the VAT rate on a specific transaction in the banking window. A little bit infuriating if I'm honest!Please help!

Hi why has my vat period been reuced from 3 months to 2 months?Thanks Richard

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looking to aligned assessed and actual value for VAT for 2020 and 2021.

My company make a payment on account to HMRC. This transaction was posted as expense to VAT suspense account, and reconciled.We then submitted the return, which was a lot higher. However the amount we then paid out of the bank was less as the payment on account was deducted. I recorded payment and matched it to the later amount. However it is still showing the payment on account amount as outstanding.Can I record payment against this without deleting the reconciled expense?Thank you 

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As title. I want to be able to enter a sales receipt with the tax entered as a fixed amount instead of a percentage.Then when I pay this tax onto the relevant govt body how would I classify it? I presume it cannot be shown as an expense?Thanks

Only just started and need help. Having downloaded my invoice for total vat period it is showing in my bank receipts page the figures are not showing on the VAT return for submission, how do I get the figures on the return. Dean

hello. We recently transitioned from sole trader to limited company so we had applied to MTD back in December 2018.We have disconnected and reconnected but getting the error code CLIENT_OR_AGENT_NOT_AUTHORISED I've tried to discuss with quickbooks twice with no solution and I've called HMRC but their phone lines are not only distorted (an ongoing issue) but they hang up and say they have no operators to help .  meanwhile we need to file our VAT return soon! thanks, Karen

hello. We recently transitioned from sole trader to limited company so we had applied to MTD back in December 2018.We have disconnected and reconnected but getting the error code CLIENT_OR_AGENT_NOT_AUTHORISED I've tried to discuss with quickbooks twice with no solution and I've called HMRC but their phone lines are not only distorted (an ongoing issue) but they hang up and say they cannot help. anyone else had this issue please? thanks