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Issuing a Credit Note for VAT

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RobFJ

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Apr 9, 2010, 8:35:14 AM4/9/10

I've issued an invoice with VAT and have been paid in full for it.

I've now found that I shouldn't have charged VAT (as the company is based in
Australia).

Can someone give me an idea of how to raise the necessary credit note that
keeps the VAT control accounts in order.

Good news is I'm still in the same VAT quarter.

Thanks

Rob

LD55ZRA

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Apr 9, 2010, 4:17:46 PM4/9/10

I would issue a credit note to cancel the original invoice and
then re-issue a new invoice with Zero % VAT on it. Exports
outside the EU are zero rated.

hth

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