Importing Zero Rated invoices

“No VAT” in QuickFile equals zero rated, i.e. the invoices will feature on the VAT return but will not attribute any VAT to the final NET VAT due/receivable.

This is different to exempt/out-of-scope which completely removes the VAT and NET amounts of the invoice from the VAT return calculations. Exempt/out-of-scope can be invoked on the whole invoice by selecting the relevant tick boxes at the bottom of the invoice entry screen.

These boxes appear only if the client/supplier is nominated as “Exempt or out of scope for VAT purposes”, in the client/supplier settings area.

On importing invoices there is currently no support for marking as exempt/out-of-scope which was developed after the invoice import routine.

There’s more on what the different VAT rates mean here and some further info on how to mark invoices as exempt or out-of-scope here.