Share
ReportWe had a freight supplier pay import VAT on our behalf and invoiced us for it. We paid this and coded it to a Balance Sheet VAT Import Clearing account, with the intention of clearing it when the HMRC C79 certificate was received and then reclaiming the VAT via the VAT Control account.
HMRC have now issued the C79, so I’m trying to process the reclaim in Dynamics 365 Business Central.
Business Central doesn’t allow VAT to be posted on a single journal line (as I need to credit the Clearing account and Debit the VAT Control account), so this had to be split.I’ve posted a journal with two lines:
- One to Clear the VAT Import clearing account with a credit (matching against the Freight supplier invoice)
- One to the VAT Control account Debit (with zero in the VAT column)
The issue is that the journal is being picked up in Box 7 of the VAT return instead of Box 4, where the C79 reclaim should appear.
How can I post this so it correctly updates the VAT Control account and shows in Box 4 of the VAT return?
Categories:
I have the same question (0)
All responses (
Answers (
689
