Why does purchases show vat @1.2 please?

Thanks for reaching out to us, neco121diet-gmai.

I'll give you some tips about managing VAT in QuickBooks Online.

To be sure, are you referring to the % VAT rate? Any further information will assist me in providing the best possible answer.

The VAT rate that shows on purchases depends on it was set up. You may have entered the rate at 1.2%. Let's double-check your VAT rate and make any necessary changes if it's incorrect.

Here's how:

1. Go to the Taxes menu.
2. Select the VAT tab.
3. Click Edit VAT dropdown, and choose Edit rates.
4. Make the necessary adjustments.

For your reference, check out this article for more details: Set up and edit VAT settings, codes, and rates.

I've also included this resource for more insights: Set up and record purchase taxes.

Feel free to add any details below if you have further questions about VAT. We're always here to help you.