Hi
Looking for some help to record this transaction correctly:
Made a payment from our current account to our TAN account with Revenue for import duty charges.
I want to self account for the VAT due on these import charges. If I put it through bank payments, it will not allow me to us tax code T39/T40. I want this amount to be included in the figure for the postponed Vat return. How are other Irish companies recording this transaction?
Thanking you for your help.