Up until now on QuickFile I have been recording VAT on imports as a regular purchase with VAT attached in order to reclaim the VAT when I do my VAT return. However, this is not ideal as it duplicates my stock purchases in quickfile, since i have already recorded the stock purchases from my various suppliers separately. Is there a way around this? Can I record the imports as having value = 0, but WITH a vat payment?
You can manually enter vat amount in vat column with correct vat rate applicable and leave every things else zero i.e net amount 0
Does it let you do that now? I thought the only workaround was to have a two-line purchase
- one line with the relevant net at 20% VAT
- one line for minus the net but set to “no VAT”
Oh yes, sorry I was at sales screen