WHAT YOU NEED TO DO IN QUICKBOOKS CIS REVERSE CHARGE VAT
Wondering how you practically manage the new CIS VAT Domestic Reverse Charge inside QuickBooks? In this video, Dan runs you through the key things you need to do to active the process inside QuickBooks accounting software.
Topics include:
How to turn on the CIS Domestic Reverse Charge function.
Setting up Construction Industry Scheme (CIS) Domestic Reverse Charge tax codes in QuickBooks.
QuickBooks Online set up.
How to do an invoice in QuickBooks with the new Construction Industry Scheme (CIS) Domestic Reverse Charge.
Tips on how to manage Construction Industry Scheme (CIS) Domestic Reverse Charge in QuickBooks.
… and more!
If you have any questions on this, please comment below.
Statement you could use on your invoice:
"Customer to account to HMRC for the reverse charge output tax on the VAT exclusive price of items marked ‘reverse charge’ at the relevant VAT rate as shown above."
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