Skip to main content

Account for Reverse Charge VAT on Purchase Invoices

Updated over 2 months ago

The VAT Return is based on the VAT codes used on the individual transactions. The reverse charge VAT codes that are used by default in the system are as follows:

  • V for GB Reverse Charge transactions

  • X for EC Reverse Charge transactions

By using the relevant code from above, the VAT Return will update correctly.

Did this answer your question?