Allocate old VAT payment
Question asked by Dave Gibbs 3 years ago
Hi all, I hope someone can help me with this. I have recently starting running my accounts through CB (since 01/01/2017) my account has been completing vat returns(Nov - Jan being the latest) with this there is a vat payment to be made for x, but also on top of this my accountant has advised I need to make additional payments for backdated vat of y, so a payment was taken from HMRC for one figure (the total of x+y) how is best to allocate this down from the bank imported transaction?
Technically a very small part of this would fall part of my CB accounts (just vat in jan) and the reminder would be previous to CB (Nov/Dec & repayment)
Thanks in advance.