Hello there,
when I have a vat repayment from the hmrc, we log it as money received from hmrc, yet it appears on the vat report as a sale. (ps I am a house builder)
how should we log them please?
many thanks in advance
kind regards
Paul

Hi Paul,

Yes, record it as Money Received and set the From Account to 'VAT
Liability'. To ensure that the payment doesn't appear on your VAT return
click More Options > VAT Treatment > Out of Scope.

thank you Mark,

I have managed to select the "out of scope" for the VAt repayment, however,
i can not record the payment as coming from "vat liability", as the
only options I have would be to record the payment coming from a customer
or a supplier (have put HMRC VAT as a customer to do so).
how could i set it up?

many thanks in advance
kind regards
claire

Hi Paul

Sorry I wasn't clear -the Type should be 'General Payment' and the Received
>From field should be "HM Revenue and Customs" and the From Account table
should have one line with the Account set to "VAT Liability"