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liv210

Sage 200 Purchase orders - Our business is VAT exempt

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Hi,  We are a VAT exempt organisation. I am struggling to raise PO with the standard VAT for the supplier to process the PO, and then to have automation process the purchase invoice that will have VAT that we cannot reclaim by posting the VAT element to the same expense account.   There does not appear to be a setting in sage where we can set our status as exempt.  The status seems to be on the individual supplier or customer account. Can anyone share some insight?

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  • 0

    Do you want to do this just so that you can show net and VAT amounts on your POs?  If so:

    Set all tax rates to 0%;

    Enter gross amounts in your PO line items;

    Use expressions to calculate net and VAT amounts in the PO document layout, ensuring that their sum equals the gross amounts entered in the line items.

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  • 0

    Do you want to do this just so that you can show net and VAT amounts on your POs?  If so:

    Set all tax rates to 0%;

    Enter gross amounts in your PO line items;

    Use expressions to calculate net and VAT amounts in the PO document layout, ensuring that their sum equals the gross amounts entered in the line items.

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