Skip to main content
wendy27695-gmail
Feb 1, 2022 9:09 AM UTC
Solved

I'm doing a split transaction as some is vat free. It keeps telling me to choose vat and I've done that twice. What am I doing wrong ?

I have 3 lines . Does that make sense difference?
payment after leavingAnswer
Feb 1, 2022 9:26 AM UTC

Hi wendy27695-gmail When you split a transaction and one line has a VAT code you'll have to select the NO VAT code for the the lines that don't have VAT.

View in thread

3 replies

payment after leavingAnswer
Feb 1, 2022 9:26 AM UTC

Hi wendy27695-gmail When you split a transaction and one line has a VAT code you'll have to select the NO VAT code for the the lines that don't have VAT.

paul72
paul72
Feb 1, 2022 11:42 AM UTC

Hi @wendy27695-gmail 

 

Be aware that NOVAT code is for "Out of Scope" items & will not carry the amount to the VAT Return at all.

If the amounts are "In Scope" but Zero Rated - used Z=0%.  This code will carry the amount to the VAT Return (box 6 or 7 depending on whether this is a sale or purchase).

 

Hope this helps.

    wendy27695-gmailAuthor
    Feb 1, 2022 5:31 PM UTC

    thank you. I've sorted that now but am still struggling with contra invoices, but that is for another post !

    Terms & ConditionsAccessibility statement