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Post Info TOPIC: Postponed VAT help!


Status: Offline
Posts: 1
Postponed VAT help!

Hi All,

I currently use sage 200 and am having trouble with a supplier invoice.

We have postponed accounting set up, i received an invoice from our supplier in Italy for goods delivered to us. The invoice shows net value only.

Our freight forwarder has cleared the goods and sent me the relevant documents with their estimate for the VAT.

Ive posted the supplier invoice on sage 200 for the net value and used tax code 18 " Import goods ROW postponed vat "

The invoice has been recorded and now i have a balance on my supplier invoice which shouldnt be there.

Where have i gone wrong?

Thanks in advance


Veteran Member

Status: Offline
Posts: 52

The balance will clear once you have paid the supplier, surely.

Do not reclaim vat until you have the correct documents from HMRC.

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