Hi there, I have a question about payment of VAT please. Is there a way where I can register a part-payment of vat if I have made an arrangement with the tax office to pay instalments to clear a VAT debt? At the moment, all I can seem to do is pay a lump sum of the total due. Thanks
Hi there, I have a question about payment of VAT please. Is there a way where I can register a part-payment of vat if I have made an arrangement with the tax office to pay instalments to clear a VAT debt? At the moment, all I can seem to do is pay a lump sum of the total due. Thanks
Thanks for your reply. Yes I am familiar with the manual journal entry - I was going to go that route but then I have this reminder left on my dashboard saying I still have a 2-monthly vat payment outstanding. I have uploaded the return to Revenue but, the only way I can see to move it off the dashboard is to 'Mark it Paid' and if I do that, it will post a payment to my VAT & Bank accounts and if I already have manual journals done to post interim payments, I will have duplications. I'm just trying to see if there's a way of posting the interim payments without ending up with duplication.
Hope that makes sense.
Kind regards,
Anne-Marie
I'll keep and eye on the call.
You can mark the entire VAT period as paid (to remove it from the todo list), and then record a manual journal entry which increases the VAT liability by the amount that is still outstanding.
John.
Thanks for this - I'll have to do this work-around for now just to keep all my records straight.
Kind regards,
Anne-Marie