SageForum for UK versions of Sage 50- Help and support.

Morning!

If I get an invoice with no VAT for consultancy from a supplier in the EU
I am coding it to T23
I am the making sure in my VAT return that I fill out box 1, 4, 6 and 7 because as the customer this is my responsibility (1 and 4 being 20% and 6 and 7 being the net)
Sources:
4.6
http://webarchive.nationalarchives.gov. ... e=document
Is this correct or have I misinterpreted it?


I also have an invoice from a EU supplier for goods, no VAT applied
Which I am coding to T7
This appears in VAT boxes 2, 4, 7 and 9
Source:
I couldn't find any HMRC VAT return box number confirmation, but did find these
http://www.accountingweb.co.uk/anyanswe ... quisitions
http://www.accountingweb.co.uk/anyanswe ... arge-vat-0
The EU company has not charged you any VAT on its supply of goods to you, but you are liable to pay VAT under the reverse charge rules.
Is this correct?

My predecessor had been manual adjusting the vat return for these scenarios and I wish to avoid this going forward.

Many thanks
Laura

Default tax codes - UK

T0 Zero rated transactions
T1 Standard rate
T2 Exempt transactions
T4 Sales of goods to VAT registered customers in EC
T5 Lower rate
T7 Zero-rated purchases of goods from suppliers in EC
T8 Standard-rated purchases of goods from suppliers in EC
T9 Transactions not involving VAT
T20 Sales and purchases of reverse charges
T22 Sales of services to VAT registered customers in EC
T23 Zero-rated purchases of services from suppliers in EC
T24 Standard-rated purchases of services from suppliers in EC
T25 Flat rate accounting scheme, purchase and sale of individual capital items > £2,000

These are the defaults, you can change the configuration to do something other than the default, you may have an earlier version that doesn't have these defaults so you need to check in configuration and perhaps compare to the demodata configuration to verify this.