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S
SBhoola
July 4, 2022
Question

VAT & EU customers

  • July 4, 2022
  • 1 reply
  • 0 views

We are a new IT consultancy business operating from the UK.

We have our first client from the Netherlands.

How do we treat the VAT for this?  Do I just activate reverse charge for Sales? Or is it just Zero rated Vat?

Do we need to have any special wording on the invoices to clients in the EU?

1 reply

A
Ashleigh1
July 4, 2022

Hello Sbhoola, 

 

Welcome to the Community page, 

 

We would advise you speak to a trained and qualified accountant or HMRC to find out the correct code to use and if there is any special wording you would need to put in. As we are just technical support not trained accountants. 

 

S
SBhoolaAuthor
July 4, 2022

Thanks can you tell me what the difference is on QBO between RC 0% and 20% EC Services.

Our accountant said I should I apply reverse charge vat on the invoice, but I'm not sure on which code I should activate on Quickbooks

A
Ashleigh1
July 4, 2022

Hello Sbhoola, if you have a look at this article it tells you all the common vat codes are and what they stand for and where they hit in the vat boxes as well for you. 

 

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