Let's make sure that you can select a VAT code for your transactions, Guzz5126.
Can you also tell us what happens when clicking the drop-down list for VAT? There are times that too much cache or certain browser issues affect how QuickBooks behaves. Let me share some steps that can resolve some of the most common browser-related issues when working in QBO.
First, log out from your account.
Second, use an incognito/private browsing session or a different browser. Here are some of keyboard shortcuts to quickly open an incognito session: