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Dec 31, 2020 11:31 AM UTC
Question

Why do I have a minus amount in vat control account ? I am not VAT registered and my account is not set up for VAT

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1 reply

Dec 31, 2020 11:57 AM UTC

Hello Stuarthy, 

 

Welcome to the Community page, 

 

So the VAT Control account is the amount due on the next tax bill. it will be a minus if you have used a VAT code on an expense to record re-claimable VAT and a VAT refund on your next period. 

 

You would have had to turn on VAT at some point for this to have had happened. if you go to chart of accounts> click on account history on the control account it should tell you when the VAT codes were used and what transaction has this code on.