UK Vat C79 Postings

[AliMack]

Please could anyone let me know if they have any experience with C79 Vat entries. I am trying to find information on the postings within ByDesign and cannot seem to find anything yet it must be a regular transaction.

Many thanks

Alastair

[Former Member · Accepted solution]

Hi Alastair,

I believe you are trying to post customs items, where the amount charged in an invoice or the items in an invoice are custom items. For this you can choose

1. In the supplier invoicing work center > select New Customs Invoice, in this you can enter items which are 100 % vat, you need to enter the expected tax code and VAT amount, this amount is posted as VAT.

2. In case you have invoice, where you have mixed items like which are 100 %  VAT and other invoice items, you can post it directly in a supplier invoice, you need to change the invoice item type for those  VAT Entries.  The invoice item type can be checked via personalize, item type.
Then it is possible to choose 'Import VAT debit item' or 'Import VAT Credit item' according to you posting requirement.

Thanks

Lokesh Sharma

[AliMack · Accepted solution]

Many thanks for your comments, it is one of things that is looking right at you but you cannot see it!

Addresses my requirements fully.

Regards

Alastair