Better Support for Reverse Charge VAT

Another improvement to our accounting software based on feedback from our customers:

When you purchase services (as opposed to goods) from suppliers in other EC countries, you need to report this on your VAT return using what HMRC call a “reverse charge”. It makes no difference to the actual amount you pay HMRC.

We’ve improved our support for this now. When you run a VAT report, there is a a button at the bottom labelled “Download Calculations”. This gives you a spreadsheet detailing how the VAT return figures were calculated and now includes a section specifically for listing the reverse charge items.

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