I’m trying to issue credit notes that had 20% vat on them and resend on zero rate vat.
Will the credit notes produced reduce the vat on the vat return or does this have to be manually input?
Hello @EFF
When you credit an invoice an re raise it without vat, both transactions would then automatically get picked up on the next return.
When I go in and print the breakdown for the VAT return in the programme they don’t show as transactions.
Hello @EFF
I can see on the account connected to your email address you are on cash accounting
The new invoice would not show on the return until the payment date (the tax point)