We purchase goods from EU suppliers where VAT is paid at source. We noted in other forum responses how to show the VAT as both an input and output (transaction VAT treatment as 'purchase of services from EU supplier' with a zero rate.
The transaction then shows in the Box 1 and Box 4.
Our VAT returns previously would show in Box 2 and Box 4, then again in Box 9 so that EU purchases would be identified. The Boxes exist in the VAT reports, however we are unable to find a way to show this detail.
Is it possible to show the VAT transaction for EU purchases in the correct boxes with Solar Accounts?
Kind regards
Hi David,
Yes that's no problem - just set the VAT Treatment to 'Purchase of Goods from EU Supplier' - the transaction will then affect Boxes 2, 4, 7 and 9 on your VAT return. (The forum comment you mention refers to the purchase of services, not goods)
Cheers,
