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VAT UE

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Alejandro Vázquez

05 Mar, 2012 06:04 PM

Hello,
What I have to do save a supplier or customer invoice from an UE?
Thanks

1. 1 Posted by alheron on 05 Mar, 2012 08:35 PM

   

   Hi Alejandro

   The first thing you need to do is make sure your business is VAT enabled by going to Business Settings and checking the VAT registered box. As long as you have done that, when you enter an invoice from a Supplier in the VAT scroll down box choose VAT purchase EC, then enter the appropriate amount of tax in the next data field which is also called VAT. This would correctly record an entry in box 9 on a UK VAT form which is labelled 'Total value of all acquisitions ......from other EC Member states.
   The same applies to customer invoices, use the VAT scroll down to record VAT sale EC and this time the tax is recorded in box 8 on a UK form.

   Hope this helps

   Al

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2. Admin closed this discussion on 12 Jul, 2012 09:33 AM.