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S
slovenianian
August 20, 2020
Question

VAT been charged on an EU purchase

  • August 20, 2020
  • 1 reply
  • 0 views

Hi.

 

We recently purchased some tickets for a virtual football game from a football club that we are connected with in Slovenia, EU member state.

 

We have been charged 9.5% VAT rate on the tickets, the standard rate for such purchases in Slovenia.

 

I am not to fussed about claiming the VAT back as not sure this is possible once paid.

 

I need to know how to record the VAT payment when I log the invoice on my Quickbooks. Not sure what code to use and how to record the rate as 9.5%.

 

Many thanks.

1 reply

A
Ashleigh1
August 20, 2020

Hello Slovenianian, 

 

Welcome to the Community page, 

 

You can add a code for 9.5%, in the taxes page> edit vat>edit rates, though if you are unsure of how to add a tax code we would advise you to speak to your accountant and get them to add it in for you. The last thing we would want is for you to add the code in and it posts to the wrong place on a vat return. 

 

 

S
slovenianianAuthor
August 20, 2020

Hi.

 

Thanks for the quick response.

 

If I enter a new VAT rate of 9.5% which VAT code would I use?

 

I understand that the VAT will be non-returnable from HMRC as this was VAT charged and paid in a foreign country, not in the EU.

 

Regards,

A
Ashleigh1
August 20, 2020

Hello Slovenianian, 

 

You would need to speak to an accountant they will be able to advise you on how to set up the vat code and help you with this. 

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