Is there a way of producing an invoice for VAT only.
This is for a repair that insurance paid for but we had to pay the VAT
VAT-only invoice
Gordon Monument - March 4th, 2010 11:11am GMT
Hi Gordon,
Let's say I want to create a 'VAT-only' invoice for £17.50. I would create an invoice with two lines:
1. On the first line I set the VAT rate to 17.5% and the amount (before VAT) to £100
2. On the second line I set the VAT rate to 0% and the amount to -£100
The invoice total would then be £17.50 - all of this is VAT.
Regards,
Let's say I want to create a 'VAT-only' invoice for £17.50. I would create an invoice with two lines:
1. On the first line I set the VAT rate to 17.5% and the amount (before VAT) to £100
2. On the second line I set the VAT rate to 0% and the amount to -£100
The invoice total would then be £17.50 - all of this is VAT.
Regards,
Mark McLaren (Solar Accounts) - March 5th, 2010 9:56am GMT