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Mar 5, 2020 4:31 PM UTC
Question

I have an expense for prescription Glasses that includes an NHS Sight Test. Is there an option to remove the cost but pay the VAT on the Sight Test value?

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1 reply

Mar 5, 2020 5:25 PM UTC

Hello Mitra-scotland, 

 

So to record this you need to do a 100% vat here are the steps to do this. 

 

You can easily enter a VAT only transaction. To do this, click on the + sign and select the transaction type that you need.

One the first transaction, choose the account you want to use. For the rate, enter £1, and for the VAT code, select the 20% Standard code.

On the second line, select the same account. For the rate, enter -£1, and choose an Exempt code.

The total of the invoice will be 0. You can then edit the amount in the VAT box to whatever you need it to be.