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Machine games duty in quickbooks

Machine games duty in quickbooks

We have a pub client running QuickBooks. Running the normal VAT return cause no problems but they have set up a new vat for mgd and when it's run it cause unassigned vat errors. Any ides?

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23rd Oct 2014 14:07

It isn't VAT, and the income isn't vatable

So why do they want to include it in the VAT report?

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23rd Oct 2014 14:55

There is a VAT element

The income is exempt and makes any pub partially exempt.  There is, depending on the partial exemption rule, input VAT which is normally charged on the rent of the machine and on the brewery share of the net take.  This VAT maybe reclaimable.

 

I do not know quick books so I do not know the cause of the problem however I was commenting on ShirleyM's comment.  

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23rd Oct 2014 15:12

So we agree?

That the games machine income isn't vatable, and MGD on the income is not VAT.

For a moment there, I thought you were saying I had given incorrect advice.

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15th Nov 2017 14:50

Any idea how you enter the machine MGD and VAT onto quickbooks?

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