Record a net amount due from HMRC

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To record the net repayment due from HMRC, both the output and input VAT must be entered so that the VAT Control account is correctly updated.  Therefore, as this will be a net repayment, we need to create an account receivable entry.

Record a net amount due from HMRC

1.    Select Transactions > New Credit Sale/Asset Realisation as shown in the previous section.

2.    Post the ‘VAT due on sales’ amount as a debit and the ‘VAT reclaimed’ as a receipt:


The Net VAT should equal the total on this screen.

3.    Once the repayment has been received from HMRC, you could Receive Debtor Payment as shown in the previous section.

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