Solved

We purchase fairly small items from China, and they are now imposing 20% VAT. What is the correct code for entering the purchase in to QB?

4 replies
0 views

Original commenter did not share additional details

QuickBooks Online

Hi easttv, the guide is general and covers overseas sales/purchases (EC, RC and PVAT codes), if you're unsure which code to use from here we would recommend reaching out to an accounting professional or HMRC as we're unable to advise on the specific codes to use. We can advise how to enter the transactions but not on the codes themselves.

Thanks 🙂

A

Ashleigh1

Hello Easttv,

Welcome to the Community page,

If you are not sure on what VAT code you need to put this link will help you here. If you are still unsure then you need to speak to a qualified accountant who will be able to advise you one the correct VAT code to put down.

E

easttvAuthor

The link doesn't mention China, does nobody else import from there?

G

GeorgiaCAnswer

Hi easttv, the guide is general and covers overseas sales/purchases (EC, RC and PVAT codes), if you're unsure which code to use from here we would recommend reaching out to an accounting professional or HMRC as we're unable to advise on the specific codes to use. We can advise how to enter the transactions but not on the codes themselves.

Thanks 🙂

Sign up

Login with SSO

Login to the community

Login with SSO