a negative VAT rate of -20%
We have suppliers who allow settlement discounts but these figures are always a gross amount. At the moment we have to manually calculate the nett figure of the allowable discount so that the VAT value stays correct. If a -20% VAT rate could be added we can enter the gross value and the VAT will be correct
Jan 10, 2017
Thanks for your feedback. Unfortunately implementing a negative VAT rate would cause huge implications further down the line when it comes to VAT reporting. Therefore we are not currently looking at adding negative VAT rates.
You can currently add a discount to a purchase receipt, have you considered adding this manually?