[Question] Customs VAT and Tax Control Account

[SnyLeigh]

Afternoon,

I work for a company which deals mainly with customs VAT and duties.

Using Pastel Partner, I have set up a specific VAT code so when invoicing clients, 100% of this customs VAT amount is invoiced. However, my problem occurs as the customs VAT is then set to display in my tax control account. This completely messes up the control account.

Is there any way I can set up a new general ledger account where only the Customs VAT is transferred to so that it does not affect my tax control account?

Since customs VAT and my 14% tax are totally separate, I need a way to separate them in my ledgers. I am currently unable to invoice out correctly and this is affecting our clients who need to claim back their customs VAT.

[Dave A]

In Quickbooks I'd recommend setting up a second VAT authority, which would have its own VAT codes, rates and control account.

Perhaps Pastel allows multiple VAT authorities too?

[Azhar]

Create a Customs VAT Income GL account and process invoices using the GL code with 0% tax. It wont affect your 9500 control account, however it wont appear on your tax type report so you will have to add this manually when reconciling your VAT.

[Justloadit]

In Quickbooks, making the invoice (GL code with 0% tax) - "Zero Rated VAT" invoice, makes the entry appear on the VAT report, not sure if Pastel is similar.