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pearse-bridgeman
Level 1

EU purchases at zero VAT not showing on E2

 
1 Comment 1
AbegailS_
QuickBooks Team

EU purchases at zero VAT not showing on E2

 

I'm here to share some insights about the zero-rated vat, @pearse-bridgeman.

 

E2 is for the value of goods you've received from your suppliers in other EU countries. Some goods and services are zero-rated, which means they are taxable for VAT, but the VAT rate is zero percent. Sometimes the reduced rate only applies in certain circumstances, or it depends on who the customer is.

 

I've also added VAT- related article for additional reference: Updating VAT in Your Account

 

Lastly, I'd recommend consulting with your accountant. This way, you'd be guided in your taxability status and ensure accuracy.

 

Stay in touch with us here if you have other questions about managing your VAT. I'm always here to help.