VAT not showing in purchase ledger VAT code 8

Question

Can anyone help with a problem I'm having posting a supplier invoice on. The invoice is from a telecom supplier in Ireland and we are being charged VAT at 23%. The supplier is set up as VAT code 8 which I think is correct. However, when posting the invoice to the purchase ledger only the net amount shows on the account. The VAT part is going to VAT OK but I need the gross amount displaying on the purchase ledger if this makes sense?

Gary Butler_1 · Answer

Hi, it wont post the value + the VAT as the VAT in this case is notional for the VAT man. If you raise the invoice for &euro;100 with a tax rate of 8, the 23% in this case shows the VAT man what the VAT would be. Its worth checking the Vat checker ask sage article: https://ask.sage.co.uk/scripts/ask.cfg/php.exe/enduser/std_adp.php?p_faqid=31517&p_pv=1.2979#unknown there is a section once you've run through the options stating 'Foreign VAT has been charged on the supply' and gives you more details how to deal with it.

Sage 200 UKI

VAT not showing in purchase ledger VAT code 8

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