Hello Community Users, we just wanted to pop in and update this thread with the current stance on VAT Margin schemes and Quickbooks Online.
Vat Margin Schemes are currently not supported in Quickbooks Online, you would need to calculate your return outside of QBO, you can use the QBO figures to help, and then you can submit the return in Quickbooks via spreadsheet.
We recommend consulting an accountant to guide you in managing these transactions. If you don't have any, you can visit our Accountants Near Me page to find one.
