Credit Note Invoice to remove just the VAT

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1

Hi all. I have raised an invoice for construction work on a new build property. I charged the vat on the property at 20% and it was paid in March 2016. Now the invoice needs the vat credited back as there should of been zero vat on the new build property. How is best to go about crediting this or editing this invoice as it was also in last years accounts.

Kind regards

Chris.

2

You can either locate the original invoice and issue a credit note or you can manually adjust your next VAT return.

With a Credit Note you would need two lines to ensure just the VAT is reversed.

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