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jenand


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Import VAT/ Duty invoice from agents
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Hi All,

At the company I work for, we import goods from various counties worldwide. We receive invoices from DHL for the vat/ duty plus admin charges. I enter the invoice as (on seperate lines) net amounts to T9 for admin chg and duty. The VAT I enter as zero net amount then the amount in the VAT column on T1.

Is that the correct way of dealing with these invoices?

We receive C79 forms from HMRC but currently do not do anything with them but file them. We only receive these invoices from DHL despite using several carriers. I have noticed that on the C79 there is several different agents VAT numbers in addition to DHL's.

But as I say we have only received these from DHL. There is very little info on the C79 form for me to match to any shipments etc

Should something more be done with the forms?

 

Thanks in advance



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Jenna
Donna CBK


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confused why admin a T9 if your vat registered - its part of yr purchase cost so should be on yr return.

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Donna Curling - Complete Book-Keeping Ltd (CBKLtd) - 07939 101900

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Bucks Bodger


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Jenna

We import a lot of parts from the USA, and the carrier raises invoices for freight and VAT at the end of the month.
For larger consignments, we have to pay the VAT before the carrier can release the goods.

In Sage, we enter the invoice from the supplier as T6 (to keep it separate), with no VAT. Then, when we get the invoice from
the carrier, we enter the freight charges as T0, the duty as T9, VAT as zero net goods, code T6 ( to tie in with the above) with the
VAT in the VAT column.

This way, everything goes on the VAT return in the correct manner.

Hope this helps (and that I've explained myself clearly !)


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Eunice Cubbage
jenand


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Hi Donna,

The company seems to have always used T9 for anything zero rated, except overseas (outside EU) transactions where T0 has been used.

I know I have read on here that some would use T1 but with sero VAT and some have had different views.

I have just sort of followed what has been done previously. Would you suggest continuing this way starting to use T1?



-- Edited by jenand on Monday 13th of February 2012 09:47:18 AM

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Jenna
jenand


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Bucks Bodger wrote:

Jenna

We import a lot of parts from the USA, and the carrier raises invoices for freight and VAT at the end of the month.
For larger consignments, we have to pay the VAT before the carrier can release the goods.

In Sage, we enter the invoice from the supplier as T6 (to keep it separate), with no VAT. Then, when we get the invoice from
the carrier, we enter the freight charges as T0, the duty as T9, VAT as zero net goods, code T6 ( to tie in with the above) with the
VAT in the VAT column.

This way, everything goes on the VAT return in the correct manner.

Hope this helps (and that I've explained myself clearly !)

 Thank you, that seems to be generally what I am doing but on different tax codes.

So should nothing be done with the C79 forms that we have received but not received an invoice from the carrier?



-- Edited by jenand on Monday 13th of February 2012 09:51:33 AM

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Jenna
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