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ucb773
February 24, 2019
Question

Hi, Can anyone help? regarding 'reverse charge' VAT set up? QB puts the VAT correctly into Box 1 and 4 and the Net into Box 7 but not into Box 6. Set-up looks correct.

  • February 24, 2019
  • 1 reply
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I ave looked at the VAT items set up, and it looks as if it is correctly set up, i.e. the relevant return box states <N,6> Net Reverse Charge Sales.   Can anyone help?


1 reply

Graceman
Graceman
February 24, 2019

It depends on what vat code you are using if you use RC which is wrong and misleading then you probably get the result you have posted Use ESS if a servic or EZG if goods and it will post correctly.

U
ucb773Author
February 27, 2019

Thank you, Graceman, very grateful for your answer. Have to admit, am quite confused now, as the 'reverse charge' code should be for exactly that - correct reverse charge coding and accounting. Had thought that ESS (services) and EZG (goods) codes are for purchases where 'reverse charge' does not apply......

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