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avanalstyne
Apr 2, 2020 2:17 PM UTC
Question

What is the correct way to enter bills with VAT using the selections - inclusive of tax and exclusive of tax? I cannot find explanations for these options in help, thx

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1 reply

GeorgiaC
Apr 2, 2020 3:20 PM UTC

Hi avanalstyne,

 

Thanks for your post and welcome to the Community.

 

You can refer to HMRC guidance here for help with this, inclusive of VAT means the product or service price already includes the VAT amount, whereas for exclusive this is added on. 

 

 

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