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VAT

VAT

  • 2,481 Topics
  • 5,543 Replies
2481 Topics
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sc70
 VAT
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gchebb
 VAT
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smallgreenpealtd
 VAT
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angusk572
 VAT
VAT paid twice, but cannot use the resulting credit

Hello, In the transition to MTD made a VAT return and paid it.  I hadn't realised that HMRC had also taken the same amount vis direct debit, so my VAT account with HMRC was in credit. I entered the accidental payment as a 'Cheque' payment, allocated to a 'Miscellaneous Expense' account. I have filed my most recent return and because my HMRC account is in credit, they are reducing the amount they will collect using the direct debit.  That's fine, but when I go to record the DD payment within QuickBooks I am not seeing an associated 'Credit' which I can use to offset the amount owed.  It is only allowing me to record the full transaction amount.  How can I tell QuickBooks to use this credit balance to help pay for my VAT bill?  It doesn't seem to work as one would expect with a regular supplier. Thanks, Angus

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a_biggerstaff
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eastwoodssussex
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lana-birkinshaw
 VAT
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info376
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nathan_divino
 VAT
VAT Issue - QuickBook Desktop Pro 2019

Hi, I hope someone can help with the issue I am having with QuickBooks Desktop Pro 2019. I ran the VAT 100 report for the period 1st April 2019 to 30th June 2019 and it stated "VAT Amount not assigned a line on your VAT return £853.40.   This is the box 5 balance of the previous VAT return. Having looked at the journal for the previous VAT return I noted some strange entries: What should be posted to Box 4 seems to have been moved to Box 2 and what should be in Box 1 just states Box NONE.  I've been back through the transactions to check the VAT codes and all are either Z, R or S as per normal.  I have checked the transaction modified date to confirm nothing was changed after the VAT was processed and nothing was changed.   I've also checked all the journals, again ok. I can't find a help page that covers this issue, does anyone have an idea of what else I should be looking at? Many thanks in advance. Nathan

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kevin37
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Geetika Khanna
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carol-griffiths
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kennethiredale
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Kayla1966
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agutcher
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ursusmaj
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vikasktest48
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jackie-levelone
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neil12
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djbrooksandco
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thesourcecoffees
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arvinder-aujla
 VAT
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SheilaMcC
 VAT
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deborah7
 VAT
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tayloredbookkeep
 VAT
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