How do I zero rate invoices for EC sales?

[Westerly]

How do I setup 0% Vat rate please?
We invoice EU companies who are VAT registered in their country. So how do I account for this?

[Glenn]

In the client settings area for that particular client you must first select the option “VAT Registered in another EC member state”:

You should also enter their VAT number just below.

Now when you raise an invoice enter the normal 20% rate but tick the box “Apply VAT Reverse Charge”.

The VAT will show as going on and coming back off again. The total of any such sales will be added to box 8 on your VAT return.

Hope that helps!

[Westerly]

Thank you for your quick help. I am a Sage girl but have not done any bookkeeping for 6 years! So QuickFile is a very new experience for me.