Hello,
We receive invoices from a shipping company which contain an invoice line relating to import VAT. This means that the VAT amount is not a fixed percentage of the invoice.
What is the best way to enter this onto the supplier invoice? I have tried setting up a product which is named "VAT" and has a 100% tax rate applied to it, but this still needs a base amount added for it to compute the tax.
A method which works for now (but is fiddly) is to manually edit the details under "tax description" after entering the product line and then save (but being sure not to click "update" as this then recalculates the amount).
Thanks for any help!
Lawrence
I would really like to know this too! So I have upvoted your question.
I found a solution so have now answered the question, I hope it helps!