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Post Info TOPIC: Invoice from Portugal with 14% VAT how do I post it in SAGE?
Amanda


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Invoice from Portugal with 14% VAT how do I post it in SAGE?
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Hi Everyone,

I have an invoice from Portugal for some software for my clients computer, its got 14% VAT on it.  How do I put this on SAGE with the VAT codes?  I know how to put on an invoice but not sure which VAT code to put it to?

This is the first invoice from Portugal, I know when we had Germany last year or year before, it was T0, would it be the same for this one?  The accountant had advise my client of the T0 for Germany last time.

Or do I use T8 which says ' Standard rate purchases from Suppliers inthe EC'.

Any advise as always is much appreciated.

Regards
A
PS using SAGE Instants V12



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Amanda
semsley


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Take a look at http://www.hmrc.gov.uk/vat/managing/international/imports/importing.htm#3

Although looking at VAT rates in Portugal there doesn't appear to be a 14% one!!!


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Amanda


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Hi Sheila,

THanks for the info,just had a brief look, will look abit more in depth later.
I'm abit confused, does it mean its a reverse VAT? My client is not sure either what should be done?
Or is it a case that they have charged us and we can't do anything with it?

When it was Germany eventually he was able to claim it back and it was a large amount, hence why he decided he would claim it back, it took about 9 months, he did that one.
This one is under £5, so not sure its even worth the hassle claiming it back.

Any thoughts on it.

Many thanks,
Amanda

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Amanda
semsley


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Amanda, I think it could be a reverse charge but it is a lot of effort for under £5.

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Amanda


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I thought that Sheila, but like you say alot of effort for under £5, I will let my client know thats its not worth bothering about the VAT and I will use T0 code so at least it will show on the VAT return.

Many thanks Sheila,

Regards,
Amanda

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Amanda
BackOfficeGroup


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either way, you cannot reclaim any VAT on invoices from abroad and for that small amount I would T0 it.

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