Import duty and VAT

[Jakethegrey]

Hi,
Received FedEx invoice for import duty, import VAT and disbursements.
I’d expected to be able to process this by coding each of the amounts directly as separate lines on a purchase invoice.
Duty and disbursements okay but cannot find a code for the import VAT.
Could obviously do as journal entry but that seems a little inelegant.
Suggestions please?
Thank you.

[QFSteve]

Hello @Jakethegrey

I found the below posts in the forum which may help

Fedex invoice

Hi @QFSteve, Sorry - you’re absolutely right - I forgot to change the date on the receipt. Hangs head in embarrassment Thank you very much for pointing that out!

Import Charges & VAT invoice

Hi @Rory You would need to enter this as 2 separate lines - one for the net plus VAT, and one minus the net with 0% VAT. My colleague outlines this better, here: C79: Import VAT / Import Duty / Handling Fees - #2 by Joe. But you essentially add the net and VAT on, then take the net back off, leaving you with a VAT only invoice. The difference here would be you’d have an additional line for the £45.00 customs charge.

VAT on Imported goods

I import goods from the EU. Originally this was simply accounted for in my VAT return by adding the VAT to both the sales and purchase VAT figures when I completed the VAT return. How do I do this now?

[Jakethegrey]

OK, that’s fine Steve. A little messy but better than a journal!
Thank you and kind regards,
John