Where a payee has the Tax Type of Contractor, CIS or Payee Type of Deemed Contractor, VAT can be adjusted. This is used where the payee’s VAT status has changed and a retrospective adjustment is required.
How to Adjust VAT/GST | ||
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1. | On the Pay Wizard – VAT stage, click the View button next to the relevant payee. The Payee Pay Details screen opens, with the VAT/GST section expanded. |  |
2. | The Value field displays the calculated VAT/GST by the system. This field cannot be edited. | |
3. | The Adjustment field is enabled to allow an adjustment to the calculated VAT/GST. This field can be positive or negative. If this field is disabled, this is because the VAT/GST Adjustments on Separate Payslip on the Pay Company has been checked on and the payee has other entries in the pay batch. A separate pay batch is required to enter the adjustment where the payee does not have any other data being processed. | |
4. | The Total field will display the Value plus the Adjustment. | |
5. | If the Adjustment field has a value that is not zero, a reason for the adjustment is required. | |
6. | Click Save. A confirmation message is displayed at the top of the screen to indicate that the manual item has been saved. | |
7. | Click Exit to close the Payee Pay Details screen. | |