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VAT EU Acquisitions

valentino46valentino46 Well-KnownRegistered Posts: 124
Hi Guys,

Im having a bash at VAT control accounts and noticed that when it comes to entering EU acquisiions they are entered onto both sides of the control account. Im unsure as to why!!

any ideas guys




  • BluewednesdayBluewednesday Font Of All Knowledge Registered Posts: 1,624
    Because that is the VAT rule.

    THey are entered on both sides to ensure that no VAT is paid over.
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