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a-webster5
March 20, 2020
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How do you adjust the vat return when you have received a payment from an EU country? i thought it would automatically add it to line 8

  • March 20, 2020
  • 1 reply
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Original commenter did not share additional details
Best answer by Ryan_M

Thank you for your help.

 

I’m sure you can tell I’m completely confused as to how to get this right could you give me a from scratch process?

 

I can undo the transaction so the invoice is still showing unpaid and the payment is waiting to be matched and start again

 


Hi @a-webster5,

 

Thank you for your prompt reply, as well as sharing additional details on what you need.

 

As my peer @MaryLurleenM mentioned above, you'll need to use the 0.0% ECG VAT code for the transaction in question. You simply need to edit the VAT code on the transaction you created to correct this. 

 

Here's how:

 

  1. Highlight the Sales tab.
  2. Select Invoices.
  3. Search for the specific invoice, then click to open it. 
  4. Under the VAT column, change the VAT code you have to 0.0% ECG.
  5. Click Save and close.

 

If you need a reference for VAT codes, and which boxes are affected for sales or purchases, then take a look at this article: Common VAT Codes.

 

Do you need further assistance? Post a comment below, and I'll be sure to get back to you. 

1 reply

A
Ashleigh1
March 20, 2020

Hello A-webster5, 

 

Welcome to the Community page, 

 

On the invoice that has this vat on for EU for box 8 on, have you selected the right tax code? As it should automatically then box the tax to the taxes page and to the right boxes.  

A
a-webster5Author
March 20, 2020

Thank you for responding.

I created the invoice as normal and changed the vat to ECS 0.0% when i received the payment I matched them and thought that would be it but when i do the tax preview it shows 0.00 in box 8.

I'm missing a step somewhere, and as this is my first time invoicing and receiving a payment to another EU country im not surprised ive muddled it up somewhere.

MaryLurleenM
MaryLurleenM
March 20, 2020

Hello there, a-webster5,

 

You'll want to create a VAT-only transaction. Use the sales receipt, then the VAT code should be 0.0% ECG. This VAT code is for 0% EC Goods and will show on boxes 6 and 8.

 

Check out these articles for future reference:

Stay in touch with me if you have other questions.

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