Hi I have an invoice from DHL for £125.51 ( I am VAT reg'd)
DUTY £14.13
VAT £100.38
OTHER CHARGES £11
However, the input tax portion which is recorded on a C79 form is actually a VAT liability we can fully claim back for Box 4 on our VAT returns. The problem is, how can we record this in Solar? If the input tax on the C79 form is say, £145, then we need to be able to record this in Solar and make sure it appears as a VAT liability of £145 so it gets pulled into Box 4 as reclaimable VAT.
In my ignorance, I thought if I simply recorded a 'money paid out' transaction and recorded the VAT rate as 100% it would create the full amount as VAT liability, but it doesn't. Is there any way in Solar I can fudge this and record our input tax so it appears as a 100% VAT liability?
Hi Andrew,
Please see this page for details of how to record a transaction with Import
Duty, VAT and other charges:
https://www.solaraccounts.co.uk/forum/topic/1112
