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S
slovenianian
August 20, 2020
Question

correct vat codes

  • August 20, 2020
  • 1 reply
  • 0 views

Hi.

 

This question has probably been asked time and time again but I am getting in a pickle with VAT codes.

 

We purchase from an EU based, VAT registered company. The company supply goods direct to our customers in the UK.

 

I understand that we use VAT rate and code 20% S on our invoices to our UK customers and are liable to pay the VAT each quarter.

 

I am confused as to which VAT rate and code we should be using when registering invoices from our EU based supplier. I have been using 0% ECG but now I'm not sure if that is correct or not. I'm now wondering if I should have been using 20% ECG???

 

We have also started supplying a customer in Ireland and again have been using the VAT rate and code 0% ECG. Is this correct or should I be using 20% ECG?

 

Thanks gang.

1 reply

A
Ashleigh1
August 20, 2020

Hello Slovenianian, 

 

Welcome to the Community page, 

 

In regards to which vat code to use, we are unable to advise you on this as we are not trained accountants just technical support. You would need to reach out and speak to an accountant, who would be able to advise you on the correct code to use. 

 

Here is a link that explains more about the vat codes and where they post in Quickbooks. 

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