The scaffolding company have billed me for hire of scaffolding. Their bill says they have applied RC VAT to it. I think I may have entered the bill on to quickbooks incorrectly.
If their bill stated:
This invoice:
‐ £995.00 + VAT
Upon Completionon of 1/2 the rear elevations.
Remaining Balance £1000.00 + VAT
£955.00
Domestic Reverse Charge applies
VAT is to be paid at the prevailing rate by the supplier of the service
VAT = £191.00
Net £955.00
Total Due £955.00
I entered onto QB:
CIS Gross £955.00
In VAT column I entered 20% RC as inclusive of Tax
| Includes VAT @ 20% on 955.00 | 191.00 |
| Includes VAT @ -20% on 955.00 | -191.00 |
