kevc
26 February 2015 14:28
1
hi
i had a car crash and the insurance pay the repairs . i never got a charged for the repair but they said i had to pay the vat on the repair and sent me a bill for £543.22 which i paid . i am doing my vat return but i cant do 100% vat ie the full £543.22 on that item in my qf any ideas
I’m not 100% sure how it should be recorded, so maybe an accountant can confirm this for you. However, take a look at @Glenn ’s post here to see how you could record just the VAT as a payment:
http://community.quickfile.co.uk/t/100-vat-only-invoice/6285/5?u=parker1090
1 Like
kevc
26 February 2015 15:26
3
i dont get how i change it from my bank statement though
Glenn
26 February 2015 15:34
4
I’m afraid you can’t do this directly from the bank, you would need to create the invoice manually then mark it as paid.
This will create a duplicate tagged entry on the bank side, so you would then just need to delete the untagged one in your screenshot.
Hope that helps!
kevc
26 February 2015 15:40
5
ok thx alot i guess theres not meny times you need 100% vat inputs
kevc
27 February 2015 09:54
6
i could not seam to be able to do it like your example. is this ok or will it mess any credits or debits up ???
Glenn
27 February 2015 10:06
7
You’d need to create a purchase invoice like this:
Pay it from the account your payment was taken from then delete any other duplicates on your bank.
The above is a VAT only invoice for £543.22.
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