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January 27, 2025
Question

Vat payments as expenses

  • January 27, 2025
  • 1 reply
  • 1 view

why are my Vat payments to hmrc not showing as expenses on my self assessment

1 reply

Level 6
January 27, 2025

Thanks for reaching out to us, @brettjee. I'm here to help you with your concerns.

 

Let’s make sure your VAT payments are categorized correctly. For guidance on selecting the appropriate category, you can refer to this article: Allowable and disallowable expenses explained.

 

I recommend consulting your accountant to help you choose the right categories and provide better recommendations for recording these payments.

 

I'll share these links to guide you in preparing your tax return: Self Assessment for Income Tax checklist for QuickBooks Self-Employed.

 

If you have questions or need further help managing your VAT payments or related issues, reply to this thread. I'll be ready and waiting to assist you again.