Loading Profile...
VAT calculation
receipts marked as 'subscription income' with VAT at 0% are calculated at -15% of total price on the VAT returns page
1
person has this problem
I have this problem, too!
Tell me when someone solves it.
The more people who report this problem, the more it gets noticed.
The more people who report this problem, the more it gets noticed.
The company has a solution in progress.
-
Inappropriate?It's not just subscription income, 'Other Sales Income' has the same bug.
Let me know if you want me to show you example of this in my accounts. -
Inappropriate?Toby,
Thanks for bringing this to our attention. We're looking into it right now... -
Inappropriate?Toby,
We've fixed this issue at our end, now (you were right, of course) and will roll out the correction in our next release (in a few weeks time).
Luckily the error can't affect the VAT due (since the VAT reclaimed is the same, and under the Flat Rate Scheme it's the gross amount which is used in the calculation) but it does mean that there's an error in Box 6.
Sorry about that.
EMPLOYEE
