VAT

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dd payment every month needs to be entered broken down to three expenses, one has an element of vat but not STD how do I do it?

Ok, so I have registered for VAT and received my number etc. I am aware I can claim the VAT back on certain purchases for the last 4 years, equipment I still have etc, and also for services for the last 6 months. The question is how and where do I input this information/receipts into QuickBooks

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In the report box 7 is completed when it doesn't need to be

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Long story short - QuickBooks started recording our VAT on the VAT100 incorrectly a long time ago (I think I have figured out why while trying to solve this problem). Every time I tried to "File a VAT Return" through QB it was showing ridiculous figures that were completely incorrect. At the time I spoke to our accountant and she suggested using the "VAT Detail Report" to find the accurate figures and submit them manually to the HMRC website. This is what I have done ever since. To record a payment for VAT to HMRC I have been posting directly to the VAT Control account (something QB warns you about doing but I was told to ignore by the accountant - we have now changed accountants by the way but the new one hasn't picked this up either). I have now realised this is incorrect and the payments (every one since the company began in 2005 and before I started here) should have been put through a Suspense account (I think? Please correct me if I am wrong). Since we are about to hit

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I ave looked at the VAT items set up, and it looks as if it is correctly set up, i.e. the relevant return box states <N,6> Net Reverse Charge Sales.   Can anyone help?

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What is the process in QBOA to move from one vat scheme to another - my client will be moving from Flat rate scheme to the standard Vat scheme?  Is it just a case of editing and changing this in the settings option AFTER the end of the last VAT period, before the change? 

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If I just enter the expense (write cheques) with the correct date I know I will end up with a discrepancy, which I don't want to have to deal with.

Hello, I am a brand new Quickbooks Online Essentials customer in the UK (joined yesterday). We have joined to get ready for the new MTD legislation. We are a VAT registered company and our return periods are Jan-Mar, Apr-Jun, Jul-Sep and Oct-Dec. Our financial year runs from the 1st of January to the 31st of December. I have imported our bank transactions from the 1st of Jan 2019 to present day. I assumed this would be the easiest way to transition between our old methods by starting Quickbooks on the first day of our financial year. One of the transactions imported from our bank is a payment for our VAT return running from October 2018 to December 2018. Please note that this return was filled using HMRCs online portal. NOT Quickbooks. We then made the payment through our online banking. My question is, how should this be categorized? Is this classed as an expense? Is this classed as a transfer? If it is an expense, then what category should it be applied

Hello,  I'm new to QBO and I've submitted my first VAT return and had to make two manual adjustments. I have not filed this in QBO yet as I'm not sure how to account for the adjustments. The adjustments were: 1. Unpaid creditor for the period (as we are preparing VAT on cash accounting basis)2. Difference between previous period's VAT filed and VAT refund received.   My question is do I mark these adjustments in the "Submit Return" adjust box? Or should I enter a manual journal?The payment has been made (but not recorded yet) as it obviously won't match the current VAT due balance currently showing. Thanks in advance.  

A client has had some issues with VAT code set up which are now resolved. Because the codes are now posting correctly, the last several years worth of zero rated transactions have posted to the current VAT return. HMRC are being made aware of the previous inaccuracies, so is it possible to manually adjust box 7 so that only transactions for this period are shown? Or do I ignore the balance carried forward and just submit this period's transactions to HMRC? Many thanks

How do i record a vat refund from hmrc. I receive a cheque, then put this in the bank. How do I record this? I have not used quickbooks for filing a vat return.

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Please can anyone tell me if the VAT quarter dates can be changed once set up? long and complicated to explain why but they have changed ..

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Hi, I'm looking for an explanation of each of the following VAT codes please: 20% ECS - EC Services Standard0% ECS - EC Services Zero0% RC - Reverse Charge Zero20% RC SG - Reverse Charge Services For example, what is the difference between 20% ECS and 20% RC SG?  I understand net purchases & 20% VAT go in the same boxes for both. If anyone can give examples for each category that would be great. Many thanks