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.

[ucb773]

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?

[Graceman]

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.

[ucb773]

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......