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Post Info TOPIC: VAT??
shellie


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VAT??
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Hi

I am entering alot of invoices for someone and i am a bit confused, the first thing is I have an invoice for streamline the amount without VAT is £29.33 abd the VAT due is £3.33, but at the bottom of the invoice the VAT is broken into two sections one at Standard VAT for net amount £18.99 17.5% = £3.33 and then Exempt VAT on £10.34 0% how do I do this break up of VAT on SAGE?

Secondly what is the Tax code for EC purchases?

Thanks
Shellieweirdface

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AccountantsCircle


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Hi Shellie

In Sage you should be able to just enter these both as two separate line items for each amount.

The date and references being the same, Sage should match these together as a single invoice/receipt.

Hope that helps!

John Gesch
The Accountants Circle
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John Gesch
The Accountants Circle
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shellie


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Hi John

Thanks very much, thats a great help.

Shellie

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