Hello, I’d like to ask if there is a way for me to mark a purchase invoice for supplies bought from an supplier that’s outside the UK, as Reverse Charged?
I’m asking about the situation like the one described in Changes to VAT treatment of overseas goods sold to customers from 1 January 2021
For goods sent from overseas and sold directly to UK consumers without OMP involvement, the overseas seller will be required to register and account for the VAT to HMRC.
Business to business sales not exceeding £135 in value will also be subject to the new rules. However, where the business customer is VAT registered in the UK and provides its valid VAT registration number to the seller, the VAT will be accounted for by the customer by means of a reverse charge.
I know there is an option to Reverse Charge the invoice for services, but I don’t know how to proceed with an invoice for supplies
Should I check the “RC on services” option, or do it some other way?
Thank you in advance for any help!