VAT

Hi All,I have an issue. When I started to generate Invoices I was not VAT registered, however it was agreed with my "Customers" that I would charge VAT at a later date. I now need to raise a VAT only Invoice so that I can recover the VAT charges from previous invoices. I know the Invoice Numbers in Quickbooks for which I need to raise VAT Invoices for. Will be grateful if you could let me know how I can create a VAT Invoice only for my "Customers" Thanks 

Hi there, I am going to use example figures here just as a reference to explain my problem. This is my first VAT return in quickbooks  On my current open VAT return it says VAT due £5000 when I go to chart of accounts and have a look it says VAT control it says £6249.43Any ideas?

I have 3 lines . Does that make sense difference?

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no payment made so cannot claim/account for as i usually do.

Hello there, we have a PA based in SA. she invoices in GBP  and there is no VAT.How should this be recorded in QB? should the VAT be "No vat"? Thanks

I'm in the process of preparing my books in order to file my company accounts.  I am a business who registered for VAT in September 2021.   Before September "VAT Control" shows up on my balance sheet as a current liability but I was not registered for VAT before this time and so I am not owed anything for this VAT Control amount.  Since September I have been paying VAT in accordance with HMRC policies and therefore there is not a VAT control account present. How should I account for VAT in this instance? How can I get rid of the "VAT control" account on my balance sheet?

All previous transactions were submitted directly onto HMRC portal.

I incorrectly charged VAT on a new build 2 years ago and the returns have been filed. The customer has now been in touch and HMRC will not allow them to reclaim the VAT as it should not have been applied to the invoice. They would like me to refund the VAT amount but how do I go about doing this in a way that ensures I get the amount back from HMRC.

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I'm thinking about what will appear on the return.

When raising sales invoices with the VAT code RC CIS - is there a way that you can show the VAT amount on the invoice and then show the reverse charge? The purchase invoices seem to be set up in this way but not the sales?

The Return that is shown ready for checking by me has dates which cannot be changed. HMRC are asking me for a past dated return which was missed. How?

Hi There,I have a client who uses the Antiques VAT special scheme where they must state on all invoices that they use the scheme, they obviously show their VAT number but they don't need to show VAT breakdowns.To be clear, the scheme is that the VAT on an invoice is actually the VAT on the profit, the difference between the cost and sale price.I want to use the Quickbooks invoices so the client can send invoices to their customers etc, however, I cannot find a way to make the pdf and emailed invoices to exclude the VAT breakdown or even VAT total, obviously if it is displayed, then any knowledgable customer would be able to work out the clients profit! To be clear, the buyer usually can't claim VAT on such purchases hence VAT does not essentially need to be broken down on the invoice so I want it removed.Anyone with any ideas?To be clear, I'm using MTD to submit VAT so using "No VAT" on invoices is not an ideal solution but I am considering it as a last resort, the downside of it thoug

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Hello, I'm trying to get an estimate on tax for my LLC. I am not VAT registered, and I don't have the option to set the default tax rate in my settings.  I am trying to click on taxes and view them, however I am blocked by the "Set up and collect VAT" screen, which I am unable to complete because again, I am not VAT registered. Is this intentionally built like this? And is this software worthless to me now if I'm unable to view taxes without being VAT registered?

Is it possible in Quickbooks to post a transaction which does not have a standard VAT amount - For example Net 100.00 VAT 6.32 Gross 106.32?

I'm completing my first QB VAT return. I can see the correct values on my VAT 100 report but my actual submission is including all expenses and sales from the past year as if I've never submitted a return which I have, directly to HMRC. I'm out of ideas because I've selected the date range but the submission is also looking back the previous 3 quarters. Any ideas what I'm doing wrong?

QB is asking for VAT rate, but it will not allow me to put it in, unable to change the rate or any of the dropboxes.

I'm receiving a sales tax on products for numerous countries at varying rates. I'm not going to be placing this into sales receipts because it would be too complicated. They will just be shown as sales tax free entries.I simply want to account for the whole sales tax sum received into my bank account and then show it being paid to the tax authority.What would be the best way to do this?Thank you.

Jonathan Valentine - Product Manager Tax and Accounting (UK)     Welcome to the first 'Ask Me Anything' style interview where we sit down with a Product Manager from QuickBooks and ask them your questions.   We asked earlier this month with a poll what you'd like to hear about and VAT came out on top. So, we've brought in Jonathan Valentine who is a Product Manager at QuickBooks specialising in Tax ＆ Accounting (UK).Without further ado, find some of your QB VAT-related questions answered below ⏬1. Can you show us how to reconcile the VAT control account for CASH VAT accounting?Thanks for your question about this. I've compiled a step-by-step below that will help you with Cash VAT Accounting:▶️  Log into QuickBooks ▶️  Go to reconcile ▶️  Select the account you want to reconcile (Select VAT control or VAT suspense) ▶️  Add the following information as required (Ending Balance & Ending date) ▶️  Start reconciling

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Can anyone help. I have simple bills (UK) with total amount, VAT and net amount. So far the only way that I've worked out how to bring the VAT amount into QB Desktop via the iif file is to have the total amount in the TRNS line and then two line items (SPL) - one with the net amount and the other with the VAT.....then import into QB Desktop and manually adjust the VAT code for the SPL with the net amount so that the VAT is automatically calculated, and then delete the second line item in QB that has the VAT code. This feels tortuous....the client will move to QB online in a few months but does anyone know an easier way to import total amount, net amount and VAT for a bill?ThanksAdam