Hi
We often buy items from EU, ie Mozy and Adobe who are based in Ireland. There invoices state that we need to report by the reverse charge process which is fine.
However, I am unsure whether to use T24 or T20 in Sage. I have read previous posts and have now got confused as to which to use!
Also, is there still a problem with it not updating box 6 on the VAT return which I have read about previously?
I am using Sage 50 Accounts Professional 2014.
Thanks
Replies (1)
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Use T24. Sage now says that T20 is for the sale or purchase of items that fall under the remit of carousel fraud. For example, mobile phones.
If you think there is a problem with the tax codes you can test run the VAT return to make sure the EC transactions are appearing in the correct boxes.