It would be very useful to be able to customise the Vat code/rates for those of us dealing with partial exemption. I wanted to create a code for directly attributed vat and also a different code for vat exempt income. You are able to do this on Sage Line 50 but not the cloud software.
Guest
I agree - we have a client who is subject to the partial exemption regime and can only recover a % of their standard rated input tax for non-attributable supplies. It would be really helpful if we could set up a bespoke VAT rate for these transactions as you can in Line 50.
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