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info-carrow-ie
Level 1

I have an issue with the EU-0% rate. I assign this code for purchases from the EU with 0% VAT, but the amount of purchase does not show in the VAT return in the E2 box.

 
1 Comment 1
GlinetteC
Moderator

I have an issue with the EU-0% rate. I assign this code for purchases from the EU with 0% VAT, but the amount of purchase does not show in the VAT return in the E2 box.

I can help share some insights about the zero-rated vat, info-carrow-ie.

 

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. You can visit HMRC'S website to understand when the zero rate can be used.

 

I've added a screenshot to see on how this report on your VAT return.
vat t.PNG

I've also added VAT- related articles for additional reference:

 

 

Keep me posted on how it goes. I'm here to help you fiber