VAT advice please
louisef182
Registered Posts: 1
Hello
I have a client who has an invoice from his supplier and 1 of the products has a VAT charge of 12%
I have queried this with the supplier and his response was part of the product is Vat and part of it is non Vat so the vat charge is 12% and this is how he has been charge from his supplier. he is not prepared to change the vat code
I'm not really sure where to go from here or how to record this into sage.
Any advice would be really appreciated
Thank you
I have a client who has an invoice from his supplier and 1 of the products has a VAT charge of 12%
I have queried this with the supplier and his response was part of the product is Vat and part of it is non Vat so the vat charge is 12% and this is how he has been charge from his supplier. he is not prepared to change the vat code
I'm not really sure where to go from here or how to record this into sage.
Any advice would be really appreciated
Thank you
0
Comments
-
Ask the supplier for the breakdown of what part of the charge attracts VAT, and which part doesn’t. Then enter it as 2 separate lines - one with the standard rate of VAT and one with the zero/exempt as appropriate.
You can probably work out the figures from the information you have, but keeping a record of their explanation on file would be useful if you ever have to look back on how you treated the transaction.1
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