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L
lorna6
May 3, 2021
Question

Raising an invoice using reverse vat - my invoice does not show the VAT payable to the VAT man just the monies due to the company

  • May 3, 2021
  • 2 replies
  • 5 views
No text available

2 replies

P
payment after leaving
Level 10
May 4, 2021

Hi lorna6 Which revers charge code are you using?

P
Phil11_2
July 6, 2021

If you are invoiceing a client who is required to account for VAT under the 'reverse charge' rules, the invoice should not show any VAT payable to you. Your client is responsible for calculating the amount of VAT payable and must account for it - but it will not be shown on your invoice.

P
Phil11_2
July 7, 2021

CORRECTION:

If your client is in the UK, and you are using a DOMESTIC reverse charge scheme, such as the CIS then the VAT due should be shown on your invoice, but it is not included in your accounts receivable..

If your client is outside the UK and your are using the 'European Codes' then the amount of VAT due is not shown, and the client must calculate and account for the VAT due

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