EC Purchases

Question asked by Michelle Underwood 7 years ago

Good morning, I have a little question about our the VAT return that Clearbooks generates. When I run the VAT return the reverse charge invoices NET amount is appearing in my sales list. is this correct? Seems a nit odd as having the NET figure included in the Box 6 total is putting out my sales figure for the year. I hope that make sense. Any advice or confirmation that this is correct would be very much appreciated. Many thanks

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PS - the above relates to the purchase of services, goods are different they are not "reverse charge" and the boxes are 2&4 7&9

Best answer
7 years ago

Hi Michelle - if you are talking about reverse charge supplier "bills" then this is correct, the net cost is included in both boxes 6 & 7 and the notional VAT in boxes 1 & 4.

7 years ago

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