How do you post sales/purchases of items that are classed by HMRC as exempt or zero-rated as far as VAT is concerned, so that the figures are correctly recorded in boxes 6 and 7 of the VAT Return
Hi Annette,
For exempt and zero-rated items just set the VAT rate to 0% and leave the VAT Treatment as either 'Sale of Goods or Services to UK Customer' or 'Purchase of Goods or Services from UK Supplier'.
Regards,