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September 21, 2022
Question

I am new to Quickbooks, raise my own invoices how do I show them as we do reverse VAT?

  • September 21, 2022
  • 2 replies
  • 3 views
No text available

2 replies

JessT
Moderator
September 21, 2022

Welcome to the QuickBooks family, mcpbuilders-sky-!

 

Do you want to use a specific code for your VAT? We have preset codes in QuickBooks, and some of them are used for reverse charges, RC. For example, the code 20.0% RC SG is for Standard reverse charge VAT for services.

 

Here's an article listing all the codes, their uses, and how they affect your VAT form: QuickBooks Online VAT codes. Basically, you'll assign the code to the applicable items on your invoice.

 

Feel free to go back to this thread if you have any other concerns. Take care!

paul72
Level 6
September 22, 2022

Hi @mcpbuilders-sky- 

Your question needs rephrasing - not clear what you're asking!

 

Although, as you're probably a builder & asking about reverse charge, it will be 20.0% RC CIS rather than 20.0% RC SG (which is for import of services).