HelloDaniel, Thanks for your query regarding box 7. In the transaction where you have used the NO VAT code can you change that to the EXEMPT code that should then impact the boxes as you want. Any questions let us know.
HelloDaniel, Thanks for your query regarding box 7. In the transaction where you have used the NO VAT code can you change that to the EXEMPT code that should then impact the boxes as you want. Any questions let us know.
Think of it like this: your line two from the October transaction needs to completely cancel the original June entry (as, strictly, that was an incorrect entry).
So, line two ought to be entered with the same "zero-rated tax code" you used in June.
Personally, I try never to use NoVAT code on any buy/sell transaction for this reason - it removes the line from the VAT100 completely. Only use NoVAT on transactions that you don't want/expect to see on the VAT return.
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