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Nov 6, 2020 1:20 PM UTC
Question

VAT CODES TO USE FROM JAN 2020 FOR EU PURCHASES AND SALES

Hi,

 

Does anyone know which tax codes we use for EU Purchases and Sales from Jan 2020?

I also believe postponed accounting will apply for import VAT which posts to box 1, box 4 and box 7 according to HMRC how do you set this up, I am lost with it all,

1 reply

Nov 6, 2020 2:04 PM UTC

Hello Stephwaite, 

 

Welcome to the Community page, 

 

This link will be able to help you with your query. https://quickbooks.intuit.com/learn-support/en-uk/value-added-tax/common-vat-codes/01/239529