How does the vat work - I created a VAT return under reports.
Now I have a refund of this vat from hmrc.
Is there a vat account showing the result of the report somewhere,
and how do I pay into it to cancel that amount.
When you receive the money back in to your account you tag is as a vat payment. That will allocate it to the vat return amount showing as a refund on the balance sheet.
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