Purchased goods from EU

Purchased goods from EU

Didn't find your answer?

VAT refgistered Client purchased some furniture from a business in Italy.

No Vat was charged at time of import and they were sent an invoice

Does the supplier invoice get entered as zero rated ?

Replies (1)

Please login or register to join the discussion.

Euan's picture
By Euan MacLennan
27th Nov 2013 14:39

Acquisition

This is an acquisition of goods from a EU country.  You calculate UK VAT at 20% and enter it as output tax in Box 2 of the VAT Return and (unless the client is partially exempt) claim the same amount as input tax in Box 4.

This is basic stuff.

Thanks (0)