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May 15, 2022
Solved

HiWhat vat code do I use for a purchase from Ireland which states reverse charge rule applies?Thanks

  • May 15, 2022
  • 2 replies
  • 7 views
No text available
Best answer by AileneA

Hello, frantovey01. 

 

In QuickBooks, by default, reverse charge VAT code for services. Used for goods or services bought from someone in another EU country that are classed as standard rate in the UK. 

 

To learn more about the VAT codes and rates in QBO, check out this article: QuickBooks VAT codes.  

 

Stay in touch with me if there's anything else you need by commenting below. I'm always around to help with your VAT concern in QuickBooks.

2 replies

AileneAModeratorAnswer
Moderator
May 15, 2022

Hello, frantovey01. 

 

In QuickBooks, by default, reverse charge VAT code for services. Used for goods or services bought from someone in another EU country that are classed as standard rate in the UK. 

 

To learn more about the VAT codes and rates in QBO, check out this article: QuickBooks VAT codes.  

 

Stay in touch with me if there's anything else you need by commenting below. I'm always around to help with your VAT concern in QuickBooks.

paul72
Level 6
May 16, 2022

Hi @frantovey01 

 

Two important questions...

(1) is it for goods or services?

(2) are you in Northern Ireland?