We have a self-billing arrangement with a company (that's based in the Netherlands) through an affiliate programme and just received the first "self-bill" which states that VAT is "due by the recipient under the reverse-charge mechanism (Article 196 VAR Directive 2006/112/EC".
This is income that would normally be standard-rated so I have tried recording it as a sales receipt but there doesn't appear to be a way of having a reverse-charge VAT rate on sales. I've got "20.0% RC SG" switched on, but that doesn't appear as an option, only on expenses.
We're GB-based, not NI, so no idea how to deal with this! This first payment isn't for much so could take the hit on the VAT this time, but hoping to make a big thing of this over the winter and in to next year! I've tried asking the affiliate but they have no idea.
