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theboxhub
Level 1

Northern Ireland OSS and VAT Returns

HI everybody, here's the scenario.

NI registered company selling online to EU countries, also registered to OSS Scheme.
The sales to individuals must be charged with customer's country VAT. I.E. Germany 19%.

This VAT need to be accounted separately and reported to the OSS Return (available on October 1 from HMRC) but at the same time needs to be stated in the invoice.
It is then paid separately to HMRC, according with the OSS filing.
How to manage this in order to have foreign VAT not included in the UK VAT RETURN and accounted twice?


Solved
Best answer September 23, 2021

Accepted Solutions
Ashleigh1
QuickBooks Team

Northern Ireland OSS and VAT Returns

Hello Theboxhub, 

 

Welcome to the Community page, 

 

You can set up a custom tax agency within the taxes page> vat> add tax>custom tax> fill information in and save. Just to make you aware it will only report one or the other, not on both. 

View solution in original post

2 REPLIES 2
Ashleigh1
QuickBooks Team

Northern Ireland OSS and VAT Returns

Hello Theboxhub, 

 

Welcome to the Community page, 

 

You can set up a custom tax agency within the taxes page> vat> add tax>custom tax> fill information in and save. Just to make you aware it will only report one or the other, not on both. 

theboxhub
Level 1

Northern Ireland OSS and VAT Returns

I did it right then.
Awesome
Thanks

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