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VAT subtotals on default invoicing template
VAT does not display as a seperate line item on invoice.
I have created a first invoice using the default invoice template. This invoice is has VAT detailed at the bottom of the invoice.
All consecutive invoices have the VAT included in each line item. how can I fix this so the invoice has each line item as cost, then a subtotal at the bottom detailing how much VAT will be applied?
I have created a first invoice using the default invoice template. This invoice is has VAT detailed at the bottom of the invoice.
All consecutive invoices have the VAT included in each line item. how can I fix this so the invoice has each line item as cost, then a subtotal at the bottom detailing how much VAT will be applied?
I’m frustrated
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Inappropriate?Hi Charles,
At the minute there's no way to change the actual data that is displayed on the invoices.
The different templates are simply there to change the way the invoice looks.
Sorry.
I’m sorry we can't help here
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Inappropriate?I find this very strange. Every invoice I have ever signed off from a supplier shows the VAT amount as a seperate line item. Why is this software not showing VAT as a seperate amount? My client is insisting on it!!!!
I will have to abandon use of this software if I can't show the VAT amount on an invoice - a joke really if I can not. Otherwse, very impressed by the software.
Please advise freeagent!
Graeme1 Comment
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This solves the problem
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Inappropriate?I was just caught by the same thing. Everyone expects to see VAT in a separate line. My clients are confused by these invoices and I need to explain them these prices include VAT. It would be great if the invoice would be self-explanatory and would outline the VAT as a separate item.
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Inappropriate?Hi Radek,
Further to Olly's explanation on the other post which is linked to above, is your VAT setting set to "UK VAT Registered" or "Registration Applied For"?
If it's set as "Registration Applied For", then the invoices will be issued including VAT BUT not showing the VAT as a separate amount. This is so that your customer pays you the full amount, without you having to issue a VAT invoice (which you're not allowed to do until HMRC approves your registration).
If it's set as "Registered", then the VAT will appear in a separate line at the bottom of your invoice.
Does that help, please?
Kind regards,
Emily -
Inappropriate?Hey Emily
You are right, I put "Registration Applied For". Sorry for confusion then, I thought it will be always like that! Many thanks!
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Inappropriate?Hi Radek,
Great, I'm glad that's sorted out!
Once you have your certificate of registration from HMRC, change the setting to "Registered", and the VAT on any invoices you issue after the registration date will show the VAT on a separate line as they legally should.
When your certificate arrives, you'll also need to make draft and re-issue to your customers any invoices that you'd already created, issued after the date your VAT registration became effective. This is so that they have VAT invoices (showing the VAT on a separate line, and with your VAT registration number) to enable them to reclaim the VAT.
More information from HM Revenue here http://www.hmrc.gov.uk/vat/start/regi...
Kind regards,
Emily
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