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Post Info TOPIC: Inputting purchase invoices from Poland onto Sage
beckyboo


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Inputting purchase invoices from Poland onto Sage
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Hi There everyone,

 

Just after some advise please. My partner has started purchasing a few parts from Poland and i am unsure how to enter this onto Sage and how this affects the VAT return etc? Very confused by it all. The invoices show VAT at 23% and final totals are in Euros. For example: 

 

44.71EUR TAX 23% 10.28EUR TOTAL: 54.99EUR

 

Do i need to set up a tax code for 23%? How do I convert the currencies too?

 

Also will i need to fill out additional forms for HMRC. I wish he hadn't purchased from another country as it makes lots of work for me.

 

Any advice would be greatly appreciated!

 

Many thanks

Becky :) 

 

PS I am using Sag Instant Accounts Plus x



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YLB-HO


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Posts: 715
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If your partner is VAT registered he should not be paying VAT if he is purchasing in the UK from Poland! All he has to do is give them his VAT registration number and then his invoices should not include any VAT. You then account for VAT on the reverse charge VAT @ 20%



-- Edited by YLB-HO on Wednesday 2nd of March 2016 06:03:32 PM

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Frauke
BKN Book-keeper of the year 2011
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