Question
Interested to know how people manage multiple VAT agencies in QBO?
We are about to order goods from an EU country and get them shipped directly to a customer in another EU country. My understanding is that as the supply is outside of the UK, we would need to set up a VAT registration in the country of supply.
Any thoughts as to how best to manage this in QBO would be appreciated.
I cannot see anyway to add a second VAT agency. Therefore I wondered about adding the purchase and sale transaction as no VAT (out of scope) which would serve to exclude them from the UK VAT return. But is there a way to create other VAT codes that would be excluded so I could capture the transaction for inclusion in the EU VAT return.
Or is there a better way to manage?
Any thoughts as to how best to manage this in QBO would be appreciated.
I cannot see anyway to add a second VAT agency. Therefore I wondered about adding the purchase and sale transaction as no VAT (out of scope) which would serve to exclude them from the UK VAT return. But is there a way to create other VAT codes that would be excluded so I could capture the transaction for inclusion in the EU VAT return.
Or is there a better way to manage?