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Isobel
Jul 19, 2019 2:16 PM UTC
Solved

I entered an EU bill (B2B) with a ECG20% vat code, why is QB not adding the vat to boxes 4 and 9 as well as 2 and 7?

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GeorgiaCAnswer
Jul 19, 2019 4:37 PM UTC

Hey Isobel, 

 

 

The ECG 20% VAT code should post +/- VAT at 20% to box 2 & 4+/- net purchase to Box 7 & 9, i.e. reversing the charge. 

 

Are you on cash or standard VAT scheme? If you are on cash this will only post to the return if the bill is marked as paid.

 

Please open the bill and click 'save' and then go to taxes > prepare return and check that the transaction is posting against the relevant boxes above.

 

 

Thanks!

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3 replies

GeorgiaCAnswer
Jul 19, 2019 4:37 PM UTC

Hey Isobel, 

 

 

The ECG 20% VAT code should post +/- VAT at 20% to box 2 & 4+/- net purchase to Box 7 & 9, i.e. reversing the charge. 

 

Are you on cash or standard VAT scheme? If you are on cash this will only post to the return if the bill is marked as paid.

 

Please open the bill and click 'save' and then go to taxes > prepare return and check that the transaction is posting against the relevant boxes above.

 

 

Thanks!

IsobelAuthor
Jul 19, 2019 5:21 PM UTC

Hi Georgia,  thank you so much for replying.  I am using standard vat scheme.  I see you that state '+/-ECG20%' but my QB is showing' ECG(-20%)'.  Is that the problem with my VAT set up?

I've deleted the bills and re-entered them and gone to taxes but still not affecting boxes 4 and 9.

It's very frustrating as I have been using QB since its inception in the UK but never dealt with EU purchases before.

 

Thank you.

Isobel

MaryLandT
MaryLandT
Jul 19, 2019 8:17 PM UTC

I don't want to see you upset and inconvenienced, @Isobel.

 

I appreciate you for deleting the bills and re-creating them so they will appear on your sales form.

 

The 20.00 % ECG is a default VAT code for Intra EU B2B purchase of goods. This code is reported on your purchase form to Box 7 & 9 as mentioned by my colleague in this thread.

 

I suggest contacting our QuickBooks Online Support Team so they can check the  EU VAT set up for you. This way, they can do screen-sharing and provide the necessary steps to get the VAT code added on your sales form.

 

Here's how:

  1. Click the Help icon at the top right.
  2. Select Contact us.
  3. Enter a brief discussion of your concern, then click Let's talk.
  4. You can then select Chat or Call us option to get in touch with your support.
  5. They're open from M-F, 8 AM - 8 PM BST.

I've added this article for additional information: Common VAT Codes. This article provides the list of VAT codes with their descriptions and which box they will show up on the purchase form.

 

Keep us posted by clicking the Reply button and we'll get back to you.

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