Hi, I’m a new QuickFile user, very impressed so far.
I’ve been through most of the ‘reverse charge’ related posts and given that this is the most recent I just wanted to add my voice to the consensus that: services from EC companies that are reverse charged should go in box 1,4, 6 and 7 rather than 2, 4, 7 and 9 (which is the default set up on QuickFile).
Here’s a good reference: https://www.greenaccountancy.com/vat-on-international-transactions/ (I assume it can be trusted! It’s much easier to understand than the official guidance on HMRC’s website)
Aside: According to this website VAT for goods should go in boxes 2, 4, 6, 7 and 9.
Anyway, it would be really great if there was an extra reverse charge setting on the invoice that supported putting the numbers in these boxes instead (1,4 ,6 and 7). Even if it was hidden behind some sort of advanced setting that wasn’t the default e.g. “Enable custom/services reverse charge settings” .
I understand that as a accountancy/reporting software you are trying not to replace the role of the accountant for advice, which puts you in a difficult position. Therefore some sort of annotation on any such setting could be along the lines of get professional advice from an accountant before using this setting warning etc.
Right now I get the feeling a lot of us are in the same boat: either making manual adjustments or (more likely!) just sending incorrect VAT returns. I must admit that until last year I was putting the numbers in the wrong boxes myself!
I hope you’ll consider my request, thank you very much!