Reverse charged VAT transaction EU

[Hans]

Hi @bhavikpatel,

Have a look at these 2 ways of deaing with this issue. Click on topic to see the rest.

@tomasz

I was facing the same issue, but have solved it slightly different.

I have a business located in the Netherlands. This means that when I buy goods or services from within Europe or outside Europe, the supplier should send me an invoice without VAT. At the end of every quarter I have to report to the tax authority. This entails that I have to pay VAT on foreign purchases, although I haven’t paid any VAT. This VAT, however, can be claimed to be refunded. So at the end, no VAT has to be paid on foreign purchases.

@wimg

I got around it by making a VAT code “BTW 20% EU” but set the percentage as 0%. Now my VAT report is correct. I can not see the actual amount of VAT to declare, but quickly calculating that number every 3 months is the least of my concern.

Thanks or the hints anyway!