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ShanMac
January 6, 2023
Question

Purchases from suppliers in UK not registered for VAT

  • January 6, 2023
  • 2 replies
  • 0 views

HMRC requires goods bought from a UK supplier who is not VAT registered to be included in Box 7. What code allows this in Quickbooks? It's not right to call them zero rated and they are not No VAT or exempt.

2 replies

paul72
paul72
January 6, 2023

Use Z=0% @ShanMac 

Don't get too hung up on it ... as long as you're consistent & the VAT Return is correct, no-one goes around checking which specific VAT Code is used.

 

Hope this helps.

A
Ashleigh1
January 6, 2023

Hello ShanMac, thanks for posting on the Community page, if you have a look at this link it tells you all the different vat codes and what they are and where they post, if you are still unsure what code to put against it we advise you speak to a trained and qualified accountant who will be able to advise you on this as we are just technical support and not trained accountants.

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