VAT201 - Import 100% tax VAT adjustment
Import VAT on goods and services received. We require a 100% VAT adjustment, tax rate. Where 100% of the subtotal goes into tax; and 0% goes into the cost. At the moment when allocating 100% VAT it adds the subtotal + 100% VAT = doubling the amount. The alternative is to use multiple lines to off set the subtotal and take 100% of the VAT. Other accounting software has the ability to do a 100% VAT adjustment on one cost line, eliminating the need for the multiple lines and offset.
Cara Sumares
shared this idea
We recognise that the current process involves additional steps to record the transaction correctly, and how this an be time consuming. We can see the benefit of having a 100% VAT option as requested, making it easier to record these transactions accurately on a single line. ⭐
Other can now vote for and support this idea, and we encourage others to comment on how this functionality would help their business too.
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