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Invoice for 100 per cent VAT

Our business vehicle was involved in an accident. As we are VAT registered we have been asked to pay the VAT incurred on the reparations and cost of replacement hire vehicle. So these both represent a 100% VAT cost that we want to include in our next VAT return. How do we input these payments?

Hi @Sandyhillmob

The best thing to do in this scenario is to have an invoice with two invoice lines. One line should have the Net amount + VAT and the other should have -Net and no VAT. This will leave you with only the VAT amount on the invoice.

I hope this helps, but if you have any further questions please don’t hesitate to ask.

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Thanks! So simple, should have thought of that!

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