Forum Message

VAT Reverse Charge Inquiry

Hi, Does Solar Accounts have the facility to account for the New Vat Reverse charge starting on the 1st March 2021.

Best regards

Carol


Posted by Carol Arnold on Feb 24, 2021 10:36 PM GMT

Hi Carol,

Yes - please see this page for details of how to record domestic reverse
charge VAT from 1 March 2021:
https://www.solaraccounts.co.uk/help/how-to-apply-domestic-reverse-charge-vat


Posted by Solar Accounts Customer Support on Feb 25, 2021 2:26 PM GMT

As always thank you


Posted by Carol Arnold on Feb 25, 2021 2:58 PM GMT

Hi Carol,

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