VAT rate drop down

Question asked by Neil Martin 8 months ago

Hi,

The bank explain screen only has "Select VAT rate" or" No VAT" available to select in the dropdown rather than the usual "Exempt", "standard rate" etc. In addition, the bank import rules are now only providong the same two choices. Currently, i cannot explain the transactions nor complate a VAT return.

Any help would be gratefully recieved.

many thanks

Write reply1

1 Reply

Hi Neil,

In this case, you must head to Settings > Organisation > Details & Tax > Tax > Manage VAT scheme. You must ensure there is a VAT scheme covering the date of the transaction you are attempting to input.

If you are still VAT registered, you can add a scheme without a Date To so that it will run indefinitely.

Tommy

Best answer
8 months ago

Reply to this question

Attach images by dragging and dropping or upload
 

Your comments will be public and can be answered by anyone in the Clear Books community.

Find out what we do and who we are

Apps

Company

Social