VAT Payable on Imports

I have a purchase invoice for VAT Payable on Imports duty etc. How do i put the VAT Payable on Imports into the invoice?

Posted by Mike Evans on Feb 10, 2010 11:22 AM GMT

Hi Mike,

If you are registered for VAT, record the VAT rate on the transaction you recorded when you purchased from your supplier, and set the VAT Treatment to 'Purchase of Goods from Supplier Outside EU'.

If you are not registered for VAT, include the VAT amount in the transaction you recorded when you purchased from your supplier.

Cheers,

Posted by Mark McLaren (Solar Accounts) on Feb 10, 2010 11:38 AM GMT