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Feb 28, 2020 4:34 PM UTC
Question

Why are 5% & 10% VAT transactions not included on Box 4 VAT reclaimed report therefore underestimating the VAT to be reclaimed?

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1 reply

Feb 28, 2020 5:17 PM UTC

Hello sara20,

 

 

Please check the the custom VAT codes have been created correctly to post on purchases - you can view the code by going to Taxes > Edit VAT > Edit rates and click onto the tax code showing here. This should show 'TAX ON PURCHASE ITEMS' and the percentage.

 

Thanks