taxes

How do I record VAT on import of goods for my bills?

VAT has to be charged on the import of goods if your supplier is based out of the UK. While creating a bill for such cases, you will have to select Overseas as the VAT treatment. Once you’ve created the bill, you can record VAT on import. To do this:

  • Create your bill with the VAT treatment as Overseas.
  • Click the More dropdown in the top right corner.
  • Click Record Import VAT.
  • Enter the Entry Number, Date, Paid Through account, etc,.
  • Click Save.
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