I have Mobile Phone invoices which have 2 VAT rates on, the bulk of the UK calls at T1 20%, then International calls which are Zero Rated.
I post the invoices using the Batch Supplier Invoice screen, i add the Net UK charges with a T1 code, then the international calls in the next line, with a T0 code, i had added a few with a T9 code before my accountant told me to use T0.
My confusion arises because i have recently gone in to edit an invoice transaction, using the Maintenance screen, and i have seen an invoice i added earlier for the Mobile phones, and the Tax rate was T9 for the whole invoice.
Should i be worried? Will the bulk of the charges still appear on my VAT return correctly?
Thanks for any help you can give
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VAT Rate
If you post these invoices using the batch method, using 2 lines to split the Vatable and non vatable then the Mainteance screen (which is also the Audit Trail) would show this as two seperate lines
If this invoice is showing as only one line on T9, then you have entered it incorrectly and no VAT will be reclaimed on your VAT return, nor will the net have been included in Box 7 because you used T9
(T9 transactions do not get included on the VAT return at all, T0 transactions will include the Net in Box 7)
To check this, highlight the line in maintenance and click Edit
On the box that comes up look at the bottom and if it has been split correctly then both lines will be shown with their T codes and VAT amounts
If it's just a case of using T9 on the zero rated part instead of T0 then hit the Edit button on right side and change the T code, this net value will then be included in Box 7 of your next VAT return
If however, you have put the whole invoice on as T9 then you need to hit the Edit button on the right and change the Net Total (Vatable + non Vatable) and Vat total boxes to match the invoice and change to T1. this will then show on your next VAT return
any problems email [email protected] and I will reply with my phone number