'Tax' line on disbursement/Payment summary
Does anybody know what the ‘Tax’ line is for under ‘Sales’ on the disbursements, payment summary?
I need to know how to account for it as regards VAT purposes.
So I’m trying to work out if it should it be marked as 20% on expenses, reverse charge or No VAT? I don’t want to end up paying VAT on sales I have already accounted for. Or underpaying if it needs to be marked as Vatable.
Thanks
'Tax' line on disbursement/Payment summary
Does anybody know what the ‘Tax’ line is for under ‘Sales’ on the disbursements, payment summary?
I need to know how to account for it as regards VAT purposes.
So I’m trying to work out if it should it be marked as 20% on expenses, reverse charge or No VAT? I don’t want to end up paying VAT on sales I have already accounted for. Or underpaying if it needs to be marked as Vatable.
Thanks
0 replies
Seller_POrEiTkyfOMz6
On going through transactions it appears to be that Amazon separate the Sales VAT on some transactions and not others. Have no idea why but…
…20% on expenses it is.
Seller_P9WE9DmQhKbaT
Is it possibly tax remitted to overseas countries (particularly the USA) ?
