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V
VTX
November 23, 2021
Question

EU B2C VAT rates in Quickbooks

  • November 23, 2021
  • 1 reply
  • 0 views

Hi there,

We sell digital products to individuals in the EU and elsewhere in the world. I understand how to record VAT for the UK VAT return, but is there a way to record sales to other countries where VAT has been charged? If so, how should this be done within Quickbooks so that it doesn't get confused with UK VAT?

 

Thanks

1 reply

Kristine Mae
Kristine Mae
November 23, 2021

Let me help you get around your VAT concern, VTX.

 

QuickBooks Online has default tax codes. However, the EU B2C supplies tax is unavailable.

 

You'll have to subscribe to a third-party app that will help you look or add tax codes within QuickBooks which do not exist by default. You can visit our website for the list of apps. 

 

If you're able to find an app, you can record the sales using the B2C VAT rate in our program.

 

I'll include this reference about the common codes in our program: QuickBooks VAT codes.

 

If you have more VAT questions, feel free to click the Reply button below. We'll get back to you as soon as we can. Keep safe!

A
Arif3
August 22, 2023

I have checked the various third party apps in the list and it is not immediately obvious as to which app I require to add EU B2C sales.

 

EU B2C sales are recorded in Box 6 of the VAT return together with all other sales made by the business.

 

The VAT element on destination VAT Sales to B2C individuals are reported on the OSS VAT Return of the chosen member state.

 

The accounting system should produce a Destination VAT Report for all OSS Sales which shows where destination VAT was charged to complete your OSS VAT Return.

 

Can you please direct me to the appropriate App(s) and costs for each App.   

A
Ashleigh1
August 22, 2023

Hello Themis01, thanks for posting on this thread, we are unable to provide this information for you, it is a case of having a look in the app store and seeing which one is best suited for your needs and when you click on the app it has all the information you need such as the price of it.

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