I am just switching over to Quickfile. We regularly make intra community supplies of GOODS to our VAT registered customers in other member states in the EU. As such, we zero rate the VAT. We have never mentioned ‘reverse charge’ on our invoices before (we mention ‘intracommunity supply’). Should we tick the ‘reverse charge’ box when creating an invoice of this type in Quickfile? I am not sure what it does.
Likewise, if we buy GOODS as an intracommunity supply (zero rated VAT at source), should we be ticking reverse charge on the purchase order (if there is one - haven’t tried yet)? We’ve always handled this manually in VAT returns before as we buy very little this way.
Thank you for another quick answer. I think I was confused because HMRC only refers to ‘reverse charge’ when it relates to services, not goods. I read somewhere that Quickfile could not automatically create an EC Sales List. A complication is that entries on the EC Sales list should be for date of supply (regardless of payment or invoice date), as I understand it. Looking at the way Kashflow does it, they seem to ignore this. Is a solution just to record a log of qualifying dispatches in e.g. a spreadsheet?
Edit - scrap that; just found clarification that HMRC does use the tax point for EC Sales Lists. I’ve created an account called ‘Sales - EU VAT reg’ so, hopefully, I can just look at that over the period of interest to extract the relevant invoices to fill out the EC Sales List. Any better way?