Sage VAT report

Sage VAT report

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Good afternoon I wonder if someone can help me.

We are a ltd company and we claim VAT on fuel every VAT quarter (we draw up a schedule with cars, engine size and fuel rates) and every quarter we put this journal through.

However this quarter the journal has gone into the sales but we havent done anything different for the journal. 

JC 2201 - Purchase tax control account

JD 7400 - Mileage Expenses

When we pull the report up it has come into box 1 and bumped the sales up by this amount, and if you reverse the journal it is still there and there is no credit there , can someone please advise?

Many thanks

Replies (3)

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By JKnight
13th Jun 2014 17:45

What tax codes did you use for your journal? With vatable journals Sage puts credits in box 1  and debits in box 4. If you are reclaiming VAT on mileage I think the journal to 2201 should be a debit posting, tax code T1. 

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By RachelT
14th Jun 2014 10:12

Yes i have put a T1 code in so that it will show on the VAT report but it has never put it in box 1 before because thats sales and we are not making a sale we are claiming VAT on fuel we have purchased

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By JKnight
14th Jun 2014 11:23

As you are claiming VAT on fuel the posting to 2201 Purchase tax control needs to be a T1 debit.

Were the previous journals debits to 2201?

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