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simonb1
April 1, 2021
Question

How to record an expense which is subject to Reverse Charge for VAT?

  • April 1, 2021
  • 1 reply
  • 0 views
Hi. A client is using Google Adwords and makes payments to Google in Ireland. The invoices from Google show VAT at 0%. I believe these invoices are subject to the Reverse Charge basis. How should they be recorded in QB so the VAT is properly shown?

1 reply

M
MirriamM
April 1, 2021

Hi there, @simonb1.

 

When recording a reverse charge, there is two Vat code that you can choose. These are:

  • 20% RC SG - Reverse charge VAT code for services
  • 20% RC MPCCs - Reverse charge for purchase of computer chips and mobile phones

To know more about this, see this article: Common VAT codes.

 

You can also check out this article for more information : VAT: Domestic Reverse Charge for Building and Construction Services.

 

Let me know if you have any follow-ups or other questions. I'd be happy to help. Have a great day ahead.

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