I am new to Quickfile and I have set up some VAT categories for supplier invoices. I have invoices to put on the system for postage which is exempt from VAT. I am wondering what I should put in the box to enable me to show exempt expenses. I have 20% 0% and 5% but not sure what exempt should be as it is not 0%
QuickFile doesn’t distinguish between zero rated and exempt at the line level, but you can mark a whole purchase as exempt using the additional vat options at the bottom of the purchase editor screen. So use 0% as the per-line VAT rate and then set the exempt flag at the bottom.
Not that it makes a lot of difference on the purchase side mind, both zero rated and exempt purchases will be included in the box 7 total.
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