HELP WITH XERO - EU VAT

HI

We have received an invoice from a software provider in Ireland and on the invoice it states that "Reverse charge supply - customer to self assess VAT" - now I know that this means that a customer must pay the VAT to HMRC and recover it from HMRC all in the same VAT tax return.

My question is, how do you account for this in Xero - I use the VAT on Imports option in the VAT rate column but it just disappears when I approve the invoice and the amounts dont appear in the VAT audit report.

Any advice would be greatly appreciated.

 

Thanks

Comments
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Why bother?

cfield |
cfield's picture

Sage 50 Accounts has default

JKnight |

More of an indicator than a automated code

Mark |