Skip to Content
author's profile photo Former Member
Former Member

Zero VAT line in JE when customer not VAT liable

Hello Experts,

We have encountered the following issue:

We have a customer that is not liable to VAT. Upon a transaction related to that customer, in the journal entry appears an extra 0 VAT line.

Is it possible to avoid that extra line?

Thank you in advance,

Chrysa Chantzi

Add a comment
10|10000 characters needed characters exceeded

Assigned Tags

Related questions

2 Answers

  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Oct 29, 2012 at 06:29 PM

    Hi Chrysa,

    You can find the setting under Tax tab of BP master.

    Thanks,

    Gordon

    Add a comment
    10|10000 characters needed characters exceeded

    • Former Member Former Member

      Hi Chrysa

      The Tax liable is not available in UK based localisations on marketing documents. Due to the VAT system we use, the exempt sales are also recorded. In the VAT reports all zero rated sales must also be shown and therefore an entry in the journal table and tax tables is created. If you run the VAT report you will see what I am referring to. There will be a list of VAT codes including the exempt code with a base amount. The base amount is calculated from the VAT line and not the sales line for reporting.

      Hope this helps clarify.

      Kind regards

      Peter Juby

  • author's profile photo Former Member
    Former Member
    Posted on Oct 26, 2012 at 04:31 PM

    Hi Chrysa........

    Which Tax Code is being selected when Its Tax Amount is Zero and if you want not to be generated the extra line in JE when it is zero then you have to make Tax Liable No in Row Level of Invoice Document..........

    Regards,

    Rahul

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.