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