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Experienced Member

Hi, Can anyone help? regarding 'reverse charge' VAT set up? QB puts the VAT correctly into Box 1 and 4 and the Net into Box 7 but not into Box 6. Set-up looks correct.

I ave looked at the VAT items set up, and it looks as if it is correctly set up, i.e. the relevant return box states <N,6> Net Reverse Charge Sales.   Can anyone help?


2 REPLIES 2
Senior Explorer **

Re: Hi, Can anyone help? regarding 'reverse charge' VAT set up? QB puts the VAT correctly into Box 1 and 4 and the Net into Box 7 but not into Box 6. Set-up looks correct.

It depends on what vat code you are using if you use RC which is wrong and misleading then you probably get the result you have posted Use ESS if a servic or EZG if goods and it will post correctly.

Experienced Member

Re: Hi, Can anyone help? regarding 'reverse charge' VAT set up? QB puts the VAT correctly into Box 1 and 4 and the Net into Box 7 but not into Box 6. Set-up looks correct.

Thank you, Graceman, very grateful for your answer. Have to admit, am quite confused now, as the 'reverse charge' code should be for exactly that - correct reverse charge coding and accounting. Had thought that ESS (services) and EZG (goods) codes are for purchases where 'reverse charge' does not apply......