Hi Bradders, thanks for joining us here on the Community :)
The VAT Control account is a default account used in QuickBooks to track the VAT on all unfiled transactions that have been allocated a specific VAT code (such as the 20% S code), and as such, wouldn't be applied to a transaction in this way.
All VAT applied to transactions from the banking screen are calculated as inclusive of VAT; in your scenario, you would split the transaction over two lines with the respective VAT code. The calculation of £74.80 at 20% VAT + £40.95 at 0% VAT = £14.96 VAT has been calculated on an exclusive basis, so you may need to double-check the amounts you're entering here.
Thanks for getting back to me Bradders, yes those would be the correct inclusive amounts to calculate the £14.96 VAT - the inclusive of VAT setting applies only to creating manual transactions, so any time you raise a sale or expense you'll see this defaulted to inclusive of VAT - the bank itself is always set to inclusive of VAT, as setting this to exclusive would be adding VAT on top of the amount that has hit your bank (hope this makes sense!). :)
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