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June 21, 2021
Question

Reverse charge VAT on US invoice with GB VAT code

  • June 21, 2021
  • 1 reply
  • 0 views

I have received two invoices for digital services from Zoom and another company, both US based, with GB VAT codes.  Both say that "VAT should be self-accounted for under the reverse charge mechanism".  I am familiar with reverse charge for EU-based companies through MOSS VAT, but not a domestic reverse charge.  How do I code this for VAT in QBO?  Thanks.

1 reply

June 21, 2021

Hello Accounts382, 

 

Welcome to the Community page, 

 

We would advice you speak to an accountant as they will be able to advise you on the correct code to use as there are a number of RC codes in Quickbooks already, one of them may work without you having to create a new code. But speak to a trained accountant and they will be able to help you with this.