VAT - How to raise a reduced VAT rate invoice?
This is to provide guidance on how to raise a Sales or Purchase Invoice with reduced VAT Rate in Business Cloud Essentials.
Creating a reduced VAT invoice
To raise an invoice that will have a VAT that is not 20% or 0% rate:
- Create a new VAT Rate for required percentage (more details on how to create a new VAT Rate can be found here: VAT Registrations & Rates)
- In Stock & Order Items edit the item being invoiced
- Apply created VAT Rate to the Item and save changes
- Raise a new Invoice as per usual.
More details on VAT Rates available in the system can be found here: Understanding VAT Rates