I import goods from the EU. My customs agent has handed me an invoice for the clearance along with the "Postponed VAT" which I need to declare on my quarterly VAT return.
I have tried creating an expense by doing the following but I always receive the same error: "You must specify a transaction amount that is 0 or greater".
1. Create expense.
2. Type in the category and description.
3. Type in the value of the goods "X" (exc of VAT)
4. Apply tax code PVA 20%
5. Below type in -"X" (the value once again)
6. Apply 0% VAT on the -X
I hit save and close but am unable and I am presented with the error mentioned above.
Any help would be highly appreciated.
Many thanks,
Dan