Go to Taxes and select VAT (Take me there). Or, go to Get things done and select Set up VAT in QuickBooks. Select the month you need to start calculating VAT from. Select your filing frequency for VAT. This is how often you will submit VAT returns to HMRC. Choose your ...
That's it! You're ready to submit your first MTD VAT return directly to HMRC as soon as it's due. (Back to top) Reauthorise the MTD connection After connecting QuickBooks to HMRC, remember this important rule: you need to reauthorise the connection every 18 ...
Reports on the imposition of value added tax (VAT) on zero-rated goods for retailers who used a high-profile of VAT avoidance scheme, by Great Britain HM Revenue & Customs. Initiation of the European government to punish retailers who used Debanhams-style schemes; Likely scenario that will ...
If you’re using the Making Tax Digital (MTD) feature in QuickBooks Online, you can set up email reminders to stay on top of important VAT deadlines. This can he