In the banking feeds transaction list, now and again when a payment matches a journal entry the standard VAT code is applied. Most of the time the VAT code is blank which is correct as VAT is not relevant to the transaction. Pic attached. Please advise if this is just a glitch and if I accept the payment with the VAT whether the VAT account is affected.
So if the journal has no VAT and you are matching then it will have no VAT on it. The 20% that is showing is if you are making a transaction and just adding it, then it would put it as the 20%, but if you are match it will just be whatever is on the original transaction.
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