I'm doing a split transaction as some is vat free. It keeps telling me to choose vat and I've done that twice. What am I doing wrong ?
Hi wendy27695-gmail When you split a transaction and one line has a VAT code you'll have to select the NO VAT code for the the lines that don't have VAT.
I'm doing a split transaction as some is vat free. It keeps telling me to choose vat and I've done that twice. What am I doing wrong ?
Hi wendy27695-gmail When you split a transaction and one line has a VAT code you'll have to select the NO VAT code for the the lines that don't have VAT.
Be aware that NOVAT code is for "Out of Scope" items & will not carry the amount to the VAT Return at all.
If the amounts are "In Scope" but Zero Rated - used Z=0%. This code will carry the amount to the VAT Return (box 6 or 7 depending on whether this is a sale or purchase).
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