How do I record acquisition VAT for purchases of good from EU?

I'd like to begin with welcoming you to the Community, @srp1.

I'm here to help share some information on how you can record an acquisition VAT for purchases of good from EU.

In QuickBooks Online, we're compliant with the VAT codes that were published from the HMRC. Having that said, we have various VAT Codes that you can apply depending on the situation that you're in.

You may see these resources below to see the list of VAT codes and on how to handle VAT in QuickBooks Online:

• Common VAT Codes
• Purchase VAT Overview
• Set up and edit VAT settings, VAT codes and VAT rates

However, if you need assistance in selecting the right code for your goods, you may reach out to your account or HMRC to ensure the best course of action for your business.

Of course, you can always reach back out to me if you have any other questions about this or any QuickBooks related things. It'd be my pleasure to help. Take care!

I have received an invoice without any VAt added to it but saying VAT "reverse charge"

What code do I use? To achieve the following

1. So that 20% of the invoice value is paid to HMRC (almost like an "ouput tax")

2. I can claim some of the VAT back (as this is an overhead for us and as a VAT registered organisation with only some of our supplies being VATable, only a portion of it is recoverable like our other overheads where we use  special "MS" code (Mixed Supply)

Nice to see you here in the Community, @FaramarzRadfar.

I want to ensure you select the right VAT codes for your invoice. I’d recommend contacting your accountant or tax expert for assistant in achieving this. This way, we’ll ensure your books are well accounted for.

You can use these articles for reference in handling your VAT in your QuickBooks Online (QBO) account

• Common VAT Codes
• Set up and edit VAT settings, VAT codes, and VAT rates

Once you’re all set, check out this link that can guide in submitting your VAT return effectively.

In case you need help managing your taxes or with your QBO account, tag me in. I’ll be around to answer them for you. Have a great day ahead.