Forum Message

Exempt and zero-rated VAT

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


Posted by Annette de Courcy on Sep 20, 2011 2:58 PM BST

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,


Posted by Mark McLaren (Solar Accounts) on Sep 20, 2011 4:07 PM BST