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A
Anonymous
February 7, 2019
Question

I just want to confirm which code I should be using to account for RC purchases such as Google Adwords?

  • February 7, 2019
  • 2 replies
  • 0 views

Ok, so now that I have Quickbooks Online, I now see the ECS VAT codes as well as the RC.  Now I just want to confirm which code I should be using to account for RC purchases such as Google Adwords?  The main difference I see is that ECS 20% inputs into box 2 on the VAT return and RC into box 1. I have always used RC in the past, do I continue to use that?

2 replies

Graceman
Graceman
February 7, 2019

Its a service so ESS is correct code or ECS in Online the RC was specific for another type of Reverse charge code.

Has to post to boxes 1, 6, 4, & 7

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Anonymous
February 7, 2019
Well RC posts to 1, 6, 4 and 7 and ECS posts to 2, 6 4 and 7 so surely I need RC then?
AshH
AshH
February 7, 2019

Hi lisa.

 

Thank you for contacting Community.

 

On QuickBooks you would be able to access a breakdown of the names of the VAT codes on the system. You can find this by going to the taxes page and clicking Edit VAT in the top right corner and selecting Edit Rates. This would provide a description of VAT codes available.

 

Unfortunately we would not be able to provide advice on the suitability of the VAT codes, as we are only specialists in the QuickBooks Product. I would recommend speaking with HMRC directly. I will include a link to their contact details and their VAT page here.

 




E
emmam6
November 22, 2022

Hello Community Users! We just wanted to pop in and update this thread with the most up to date VAT codes available in Quickbooks, with all the changes in the past few years, which you can find here

Any questions feel free to ask. We'd always recommend conferring with HMRC if you're unsure which code to use or an accountant, though the article at the link advises where the codes hit on the return and an explanation of the code itself

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