Custom VAT rates - where in nominal accounts?

[nick2]

Here it’s described how to enable custom VAT rates that will be left outside of UK vat calculations.

What is VAT MOSS?

Please Note: As the transitional period has now ended, digital businesses will no longer be able to use the UK’s VAT MOSS service. HMRC has issued guidance on what to do next. Introduction From the 1st January 2015 a number of changes to the European Union (EU) VAT rules will become effective. These rules relate specifically to the “Place of supply” for a number of digital services made from business to consumer (B2C). From the 1st January the place of taxation will be deemed to be the loc…

Where does this custom vat (19%) go in the accounts? I made a test invoice and couldn’t find this 19% received in any nominal account. I’d think this foreign VAT was kept in a nominal/suspense account? Is this amount completely omitted from QF?

[QFBeth]

Hi @nick2,

If you go into the invoice that you created and then click More Options at the top there is then the option to view the nominal entries associated with that invoice.

This should show you where the amounts have been posted.

Hope this helps