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laura-accounts
March 1, 2021
Solved

What VAT code do I choose on a sales invoice for a 20% item that comes under the CIS domestic reverse charge?

  • March 1, 2021
  • 1 reply
  • 3 views
No text available
Best answer by Ryan_M

Hi @keocontractorsltd,

 

If the 20.0% RC CIS VAT code doesn't work for your situation, it's best to consult your bookkeeper or accountant on how you can proceed. 

 

This way, you can ensure that your books remain accurate, along with your VAT totals. 

 

I suggest you take a look at this article as well: VAT: domestic reverse charge for building and construction services. It has a list of common questions about domestic reverse charges, as well as their answers.

 

Tag me in your comment below if you have additional concerns, and I'll take care of it. 

1 reply

A
Ashleigh1
Level 14
March 1, 2021

Hello Laura-accounts, 

 

Welcome to the Community page, 

 

So you need to make sure that VAT is turned on and CIS is turned on in the main cogwheel settings account and settings section and that you have also enabled the codes in the taxes section>edit vat>edit rates section as well. 

 

So on the invoice you can select the tax rate that says 20.0% RC CIS Domestic Reverse Charge for Building and Construction Services Standard. 

K
keocontractorsltd
March 1, 2021

I also am unsure

On my supplies I'm fine, I can use the 20% RC CIS and it will show the vat going on and off

However if I want to send a Sales invoice to a customer and I have to show it as a RC as they are not the End User I do not get a code showing that I can use, please advise

R
Ryan_MModeratorAnswer
Moderator
March 1, 2021

Hi @keocontractorsltd,

 

If the 20.0% RC CIS VAT code doesn't work for your situation, it's best to consult your bookkeeper or accountant on how you can proceed. 

 

This way, you can ensure that your books remain accurate, along with your VAT totals. 

 

I suggest you take a look at this article as well: VAT: domestic reverse charge for building and construction services. It has a list of common questions about domestic reverse charges, as well as their answers.

 

Tag me in your comment below if you have additional concerns, and I'll take care of it. 

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