Reverse VAT

Does anyone know how to configure and use reverse VAT in Sage Business Cloud Accounting Start? I can't find any information from any of the Sage resources that apply to Accounting Start, only to their other products. Thx.

  • Hi Jon

    Thanks for contacting Sage City

    Firstly you will need to have the customer or supplier set up with an EU address and VAT number.

    When you create an invoice you will be prompted that it is an EU customer or supplier, at the end of each line on the invoice you will see a pair of chevrons, click this and select if it is goods or services.

    This will then populate the boxes on the VAT return accordingly

     

    If you need many assistance with this then please call us (Sage) on 0191 479 5911

     

    Regards

  • Hi - thanks for the information. 

    I should have clarified - this is for repeat purchases for which I don't raise an invoice.

    A specific example is Google's G Suite. I am billed via a monthly direct debit, and receive an invoice by email.

    I have now added the Ireland address for Google in the contacts page, and added their IE VAT number.

    But - when I try to select Google as the contact for the monthly transaction I now get a message:

    Overseas Supplier

    You cannot record Other Payments for this contact. To correctly deal with VAT for overseas contacts, you must use the Invoice option.

    There isn't any obvious Invoice option.

    There must be lots of other people who've had this and got a workflow that solves this?

    Any help appreciated !

    Thanks - Jon

  • A second response to this.. found some more info online: 

    help.sageone.com/.../start-overseas-supplier.html

    When you try to record a money out transaction for a VAT registered overseas supplier, you receive the following message:

    ‘You cannot record Other Payments for this contact. To correctly deal with VAT for overseas contacts, you must use the Invoice option.’

    However, you can’t create supplier invoices in Accounting Start. If you need to do these type of transactions you could upgrade to Accounting.

    This suggests I can't use Accounting Start to correctly track VAT like this - can't be right!?!? There must be lots of people using Google's G Suite or similar online services that are registered in Ireland or similar?

    Any thoughts appreciated !

    Thanks - Jon

  • Hi

    Thanks for using Sage City

     

    To record the reverse charge on the VAT return you will need to make an adjustment the VAT return to the relevant box/boxes accordingly to record the reverse charge

     

     

    If you need any further assistance please call Sage Support on 0191 479 5911

     

    Regards

  • Hi - thanks for the info. I will try and record all the steps from start to finish and post somewhere in case it's of interest to anyone, or upgrade to Accounting.

    Thanks for your help,

    Jon