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P
Padi
November 28, 2022
Question

My client paid for purchases from outside UK in June 2022 but did not receive the Monthly postponed import VAT statement until August Aug 2022. The purchases have been included in the last vat return as zero rated. How do I enter the monthly postp

  • November 28, 2022
  • 1 reply
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1 reply

A
Ashleigh1
November 28, 2022

Hello Padi, 

 

Welcome to the Community page, 

 

So you can do a 100% VAT transaction for them or you can do it as exceptions if that is what it should be so entering the vat onto the transaction so it appears as an exception on this VAT return for you. 

P
PadiAuthor
November 28, 2022

If I post it as 100% vat transaction it will only appear in box 4 as a positive and negative.  Shouldn't PVA statements be posted such that it appears in Box 1 and Box 4?

G
GeorgiaC
November 28, 2022

Hi Padi, the 100% VAT will only post to box 4, if you're needing to post to box 1 and 4, you can enter a VAT adjustment:

 

1. Go to Taxes, select VAT (Take me there), then select Prepare return.
2. Select Adjust next to the required box (1 or 4).
3. Enter the date of the transaction.
4. Select the VAT code for the transaction and the account it was paid from.
5. Enter the amount.
6. Enter any memos/notes for the transaction.
7. Save.

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