VAT - How to raise a reduced VAT rate invoice?
Guidance on how to raise a Sales or Purchase Invoice with reduced VAT Rate in Business Cloud Essentials.
Creating a reduced VAT invoice
- 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)
- From Stock & Order Items, edit the stock item
- Apply the reduced VAT Rate to the stock item and save changes
- Raise a new sales invoice and the VAT rate is calculated using the reduced VAT rate
More details on VAT Rates available in the system can be found here: Understanding VAT Rates