Forum Message

VAT Changes Effective from March 1, 2021

Can you please let me know if my existing package needs up dating to cater for the changes on vat that come into effect on the 1st March 2021?


Posted by Pamela Louise Lee on Feb 23, 2021 11:33 AM GMT

Hello Pamela,

Regarding your question about how to record the domestic reverse VAT from 1
March 2021, I am looking into the matter and will get back to you by
Thursday.


Posted by Solar Accounts Customer Support on Feb 23, 2021 3:13 PM GMT

Hello Pamela,

OK here is our new help topic on the domestic reverse charge VAT procedure:
https://www.solaraccounts.co.uk/help/how-to-remove-vat-details-from-invoices

Let me know if you have any questions.


Posted by Solar Accounts Customer Support on Feb 25, 2021 2:33 PM GMT

Whoops - here is the correct link:
https://www.solaraccounts.co.uk/help/how-to-apply-domestic-reverse-charge-vat


Posted by Solar Accounts Customer Support on Feb 25, 2021 2:33 PM GMT

Hi Pamela,

Just to let you know that the latest version of Solar Accounts makes it
much easier to apply the reverse charge: In the invoice window click More
Options > VAT Treatment > Domestic Reverse Charge Applies. Solar Accounts
will then show the VAT amount to be paid by the customer to HMRC in the
[Free Text] field.


Posted by Solar Accounts Customer Support on Mar 16, 2021 11:37 AM GMT