I’ve just set up a new account for one of my clients. I’ve raised 2 invoices who we are selling services to in Europe. The place of business is Europe so there is a reverse charge for the VAT. This is marked on the invoice.
However there are 2 problems:
The amount on invoice 1 is 6000 however it’s showing balance due 5120?
(unless - this has just occurred to me the 6000 is Euro and the 5120 is an estimation of the exchange rate?)
It’s showing the reverse charge vat rate as 20% whereas in the Netherlands it’s 21%. Can you help.