Refund of Council Tax

Accounting
1

Hi we have recently moved over to business rates from paying council tax on our holiday let property, as such the local council has refunded us the sum of lets say of £1300.

When i try to allocate this as a refund from supplier I see the following message ‘No qualifying purchases could be found to refund against. Make sure the corresponding purchase has been logged before you attempt to process this refund.’

How can i allocate this back to the the supplier in this case the council? the monthly council tax was lets say £369 so i have entries for this sum every month going back but none for the calculated refund of £1300

2

Hi HVH2233,
Mathew answered a very similar question about a year ago. May this is helpful for you. Basically you have to create a negative invoice, but please read below

QFMathewSupport Team

Jan '18

No problem. You should be able to enter it as a negative value invoice. Create the invoice as you normally would, but enter the value as a negative.

For example:

image.png

This will then prompt you to create a bank transaction in GBP:
image

You can then tie off the GBP transaction as you would normally using a holding account or similar.

I hope that helps!

1 Like
3

Great that will dot it !! Many Thanks