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choicie
January 27, 2021
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Domestic Reverse Charge VAT

  • January 27, 2021
  • 2 replies
  • 0 views

Hi, we are a construction company and urgently need to know when there will be a code for Domestic Reverse Charge VAT. We use Quickbooks Desktop and need to set everything up before 1st March.  I cannot see why it is taking so long, you say in previous messages that it will be ready for QBO but not sure for desktop, this does not seem loyal to all of desktops users who pay to use your services each month.  How are we going to complete VAT Returns and keep accounts correct without this VAT Code?  

Best answer by GeorgiaC

Hi Michelle, we've released a guide here which covers setting up the new 20% and 5% Domestic RC CIS codes in Desktop - please get back to us below if you have any Q's!

2 replies

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Ashleigh1
January 27, 2021

Hello Choicie, 

 

Welcome to the Community page, 

 

 

So CIS isn't supported in Desktop so any VAT codes would need to be manually created in the system. 

 

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choicieAuthor
January 28, 2021

This does not help.  In other words if I am a building company quickbooks is not updating VAT Codes for Domestic Reverse Charge VAT, is that what you are stating.  If so how do I manually create VAT Codes and correctly complete a VAT Return.???

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EmmaM
January 28, 2021

Hello Choicie, You can create your own codes within the lists section of Desktop, you can use this article as a guide(it is for the Brexit codes but the screenshots of where to go are the same. Any questions at all let us know😊

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GeorgiaCAnswer
February 16, 2021

Hi Michelle, we've released a guide here which covers setting up the new 20% and 5% Domestic RC CIS codes in Desktop - please get back to us below if you have any Q's!

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Trish222
February 19, 2021

Please can you confirm on the guide that for Sales Items it is 0.00% (not 20%) Also for the Purchases you state -20% in instructions but it shows -0.00% in diagram. Just need to get this correct for our system.

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Ashleigh1
February 19, 2021

Hello Trish222, 

 

Thanks for posting on this through, so if you have the 20% and the -20% it equates to the same as the 0%. 

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