Hi,
I often receive invoices with two VAT rates on them.
Example, invoices with £10k zero rated and then £4k standard 20%.
We use purchase orders in our business, so matching them up to one invoice line is proving difficult.
Is there a way to split the VAT amounts on one invoice line, or do you need two ?
If you need two, then the PO has to have two lines also, which is not always the case.
I know there is a VAT adjustment option, but what effect does this have on VAT code reporting, ie would the full invoice amount show as only one VAT code ?
Any help is appreciated.
Thanks,
Ray