Hi, I am wondering how to record PVA (Postponed Vat Accounting) in my solar accounts? I have two containers I have imported from Canada and believe I have to show this on the accounts and VAT return but unsure how to do it?
Thanks Ben
Hi Peter,
Unfortunately Solar Accounts doesn't yet have a way to record Postponed VAT
accounting for imports. We are working on such a feature and hope to make
it available before March - I'll record your email address to be notified
when it is available. If you want to submit a VAT return before the new
feature is released, you will need to set the VAT Treatment of the
transaction to 'Purchase of Goods from Supplier Outside UK' and then
manually create an adjustment on your VAT return to add the VAT amount to
Box 1.
