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Thread: POsting vat refund on Pastel

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    POsting vat refund on Pastel

    We have received a vat refund, and I would like to bring it into the books.
    My vat control account is out with exactly this amount, so once it is posted it will balance.

    When posting in the cashbook, the account will be the vat control account, but what tax type do I use? 0 or 06 for full vat adjustment?

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    Platinum Member Neville Bailey's Avatar
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    Hi Tracy,

    When you allocate the receipt to the VAT Control Account, you should see that the tax type field will be greyed out. In other words, 00.
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    TracyWilliams (18-Feb-14)

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    thanks, I just checked , is not greyed out, (I can still select) I assume that is just a setting I need to change, but I will then select the tax type 0 anyway

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