We have created VAT code S4 for VAT at 20% on purchases and supplies
This works correctly when:-
1) Creating a Sales Invoice
2) Entering a Bill
But, when creating a PURCHASE ORDER it calculates VAT incorrectly
Test Case:-
Cost Price Excluding VAT £1600
VAT Code S4
VAT added £266.67
VAT Added / Net Cost = 16.6%
Using EXCACTLY the same information to enter a BILL gives
Cost Price Excluding VAT = £1600
VAT Code - S4
Vat Added £320
VAT added / Net Price = 20%
Has anybody else noticed?
At first I assumed the VAT code was set up incorrectly, but it works everywhere except on a Purchase Order.
