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Debbie160
October 4, 2023
Question

Reverse charge vat

  • October 4, 2023
  • 1 reply
  • 0 views

Reverse charge vat is set up on my Quickbooks vat rates but doesn't show up when I prepare a bill. It also does not show up when I try to post reverse charge commission to a sales invoice eg for Amazon sales. Any ideas how to activate it?

1 reply

A
Ashleigh1
October 4, 2023

Hello Debbie160, thanks for posting on the Community page, reverse charge is only used for this article tells you more.

 

Domestic reverse charge for CIS

 

The domestic reverse charge applies to companies that operate within the Construction Industry Scheme (CIS). Under the CIS reverse charge, it is the customer receiving the specified supplies or goods who will need to account for the VAT due to HMRC instead of the paying it to the supplier.

The following codes are only available on transactions made on or after 1 March, 2021.

 

Vat codes in QuickBooks online, a complete guide. 

 

Hope this all helps. 

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