This press release was orginally distributed by SBWire
Kington, UK (SBWIRE) 12/31/2020 QuickBooks is created to avail different markets.
Intuit s Canadian, British and Australian divisions offer versions of QuickBooks that support the unique tax calculation needs of each region, such as Canada s GST, HST or PST sales tax, European VAT for the United Kingdom edition and Australia s GST sales tax. The QuickBooks UK edition also includes support for Irish and South African VAT. QuickBooks Enterprise was withdrawn from the UK market in 2014.
Because the US version of QuickBooks does not handle VAT data files need to be converted to the UK version to handle VAT filings.
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Kington, UK (SBWIRE) 12/18/2020 Every QuickBooks edition such as the Canadian, British and Australian divisions uniquely inhibit the tax calculation needs of each region, such as Canada s GST, HST or PST sales tax, European VAT for the United Kingdom edition and Australia s GST sales tax.
Intuit adapted QuickBooks for the UK market and tax system in 2014.
The QuickBooks UK edition includes support for Irish and South African VAT. The US version of QuickBooks does not handle VAT so data files need to be converted to the UK version to handle VAT filings.
If businesses operate in more than one country, or if a company file was set up in a different nationality, an international edition conversion may be necessary.