Multi-VAT registration.


R

RAINweb

We do bookkeeping for a UK registered company who is registered for VAT in
the France and Ireland as well as the UK. Multi-currency works very well
but the VAT is a problem; we are having to calculate the French and Irish
VAT on a spreadsheet and then enter the liability into Quickbooks.

Anyone any ideas please. For various reasons we are using Quickbooks Pro
2002 and 2005.

Malcolm
 
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P

Peter Saxton

We do bookkeeping for a UK registered company who is registered for VAT in
the France and Ireland as well as the UK. Multi-currency works very well
but the VAT is a problem; we are having to calculate the French and Irish
VAT on a spreadsheet and then enter the liability into Quickbooks.

Anyone any ideas please. For various reasons we are using Quickbooks Pro
2002 and 2005.

Malcolm
Can you set different VAT codes for different countries?
 
R

RAINweb

Peter Saxton said:
On Wed, 13 Jun 2007 17:45:12 +0100, "RAINweb" > Can you set different VAT
codes for different countries?
It seems that all VAT rates relate to the UK so any entry affects the UK VAT
Return.

Malcolm
 
P

Peter Saxton

It seems that all VAT rates relate to the UK so any entry affects the UK VAT
Return.

Malcolm
That contradicts your first posting. Are you registered in other
countries or not?
 
R

RAINweb

Peter Saxton said:
That contradicts your first posting. Are you registered in other
countries or not?
Ah, no, what I meant was that it seems to be impossible to create VAT rates
that relate to other countries. Quickbooks posts everything to UK VAT, only
one VAT regime is accepted.

Malcolm
 
P

Peter Saxton

Ah, no, what I meant was that it seems to be impossible to create VAT rates
that relate to other countries. Quickbooks posts everything to UK VAT, only
one VAT regime is accepted.

Malcolm
I'll ask the question again: "Can you set different VAT codes for
different countries?"
 
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R

RAINweb

Peter Saxton said:
I'll ask the question again: "Can you set different VAT codes for
different countries?"
No, as I said "only one VAT regime is accepted".

Malcolm
 
P

Peter Saxton

No, as I said "only one VAT regime is accepted".

Malcolm
How can it stop you having more than one VAT regime? You just run a
report for the VAT codes you have created for each VAT regime.
 
R

RAINweb

Peter Saxton said:
How can it stop you having more than one VAT regime? You just run a
report for the VAT codes you have created for each VAT regime.
Yes, we can do that, but then the real trouble (VAT Inspections and big
arguments) comes with boxes 8 and 9 on the UK VAT Form.

Thanks for your patience, this is something which is causing a great deal of
difficulty.

Malcolm
 
P

Peter Saxton

Yes, we can do that, but then the real trouble (VAT Inspections and big
arguments) comes with boxes 8 and 9 on the UK VAT Form.

Thanks for your patience, this is something which is causing a great deal of
difficulty.

Malcolm
I'm not sure what should go in those boxes in your situation without
going into it properly. Couldn't you call the VAT helpline and ask
them? I'm sure you can produce reports in QuickBooks to come up with
what is needed but QuickBooks doesn't seemed to have been designed for
your situation.
 
R

RAINweb

Thanks for all your help. Because of the nature of the business they
attract constant VAT inspections. The last chap only stayed an hour and ran
away saying he was going to consult colleagues. Haven't heard a thing
since.

Malcolm
 
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P

Peter Saxton

Thanks for all your help. Because of the nature of the business they
attract constant VAT inspections. The last chap only stayed an hour and ran
away saying he was going to consult colleagues. Haven't heard a thing
since.

Malcolm
Do you have to be registered for VAT in these countries. Most
businesses seem to be able to get a local accountant to claim the VAT
back but sales invoices are sent from the UK.
 
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R

RAINweb

Peter Saxton said:
Do you have to be registered for VAT in these countries. Most
businesses seem to be able to get a local accountant to claim the VAT
back but sales invoices are sent from the UK.
As you might guess it is more complex than that. The business is run from
France but is UK registered, we are the registered UK office. They have a
trade stand which attends 3 day eventing shows; Burghley, Blenheim, Paris
Salon, Royal Dublin Show, etc. If they did anything that made them look
like a French company they would become liable for the crippling French
Social Security charges. In Holland and Ireland you become automatically
liable for VAT as soon as you trade there. Beleive you me every stone has
been turned, it's just the bookkeeping which is very hard work - the
accountant loves us.

Malcolm
 

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