I have just signed up as my new VAT quarter started on May 1st.
I have an invoice from a supplier that was raised in the last quarter (which I have reclaimed VAT for).
They have just sent me a credit note to cancel this invoice (which means that I need to pay the VAT reclaimed back at the end of this quarter).
What do I need to do to add this entry in these accounts? I don’t want to knock out the current bank balance - as it is bang on.