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BUG: Pay Tax Liability Payment

edited Dec 6, 2019 2:09PM in General 1 comment

When using

Transactions > Bank > Pay Tax Liability

Netsuite incorrectly enters the transaction.

The payment/rebate is entered as a cheque on the relevant account but has the Tax code specified as VAT:UNDEF

As a result the payment is included as an input on the VAT return (rebate included as a output).

This is incorrect. VAT payments/rebates should not be included on subsequent VAT returns.

We currently manualy edit the Cheque entry to VAT:O which is out of scope of VAT and excluded from VAT reports.

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