What is the VAT code to use for purchase of goods from EU ? we are paying the VAT at boarder

ackaccounts-ack- · ‎May 04, 2021

MadelynC · ‎May 11, 2021

I’m glad to share some information with you, @jubella.

I know how important this matter to you to ensure records are accurate. And we appreciate you for reaching out to the Community for assistance.

We want to help you. However, we’re unable to provide more details on which codes to select since we're unable to give accounting advice. We can only guide you with the steps. You’ll want to consult with your accountant concerning this or contact HMRC.

You can check these resources to learn more about VAT codes and how to create a unique one for your company:

If you have any other VAT questions or concerns, please don't hesitate to visit us again. I'll be here. Always take care!

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Ashleigh1 · ‎May 04, 2021

Hello Ackaccounts-ack-

Welcome to he Community page,

If you have a look at this link here it tells you all about the different VAT codes and which one to select. If you are still unsure then reach out and speak to a trained accountant who will be able to advise which is the best code to use.

jubella · ‎May 10, 2021

I've read the details for the VAT codes as suggested above, and I am still none the wiser. My accountant said to zero rate it, using the same code I would for purchases from USA etc. So that would be to use 0% Z. But, doesn't Quickbooks have trained accountants who could help on questions such as this? My accountant works mostly with local trades people, not international traders, and I would think quickbooks would be able to help.

MadelynC · ‎May 11, 2021

I’m glad to share some information with you, @jubella.

I know how important this matter to you to ensure records are accurate. And we appreciate you for reaching out to the Community for assistance.

We want to help you. However, we’re unable to provide more details on which codes to select since we're unable to give accounting advice. We can only guide you with the steps. You’ll want to consult with your accountant concerning this or contact HMRC.

You can check these resources to learn more about VAT codes and how to create a unique one for your company:

If you have any other VAT questions or concerns, please don't hesitate to visit us again. I'll be here. Always take care!

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What is the VAT code to use for purchase of goods from EU ? we are paying the VAT at boarder