Hi everyone, iam looking for abit of advice? i have been working with my 1st client. Their business is working with computers from building up web design to setting up software. they have purchased a few items from Germany, dublin & canada when i have come to inputting the invoice on sage i am not sure what vat codes to use. the invoice from germany doesn't have vat entered nor does canada. They do order from amazon alot and sometimes there is vat and sometimes there isn't. when vat is entered it is 21.5%! so not sure what to enter. I dont what to start changing or recreating vat codes as i am not sure what i am doing and abit worried that i make a mess! This might seam a really silly question but i am not sure about it.
OK. For Germany and Dublin (the 21.5% will be Dublin because that is the VAT charged in Southern Ireland) which are both in the EU and if you are using Sage the standard codes are
Zero Rated Purchases from EU T7 Standard Rated Purchases from EU T8 Sales to EU T4
Of course you will have to go into settings and put in the rates or enter the VAT figure manually when entering the invoices. For Canada you should get a VAT certificate from the carrier (C79) which you can then enter. There is no import VAT on goods less than £18.
-- Edited by semsley on Friday 12th of February 2010 09:43:11 PM
