| | Brexit - Record import and export transactions - Northern Ireland only |
| Description | | [BCB:42:CSat FB drive:ECB] [BCB:18:Wizard code:ECB]  NOTE: To find out what tax code to use when posting transactions, please visit our Which tax code should I use? - from 1 January 2021 (UK only) >
Which VAT scheme? Select which VAT scheme you use. To check this: - On the menu bar click Settings, then click Company Preferences.
- If prompted, enter your password then click OK.
- Click VAT then under VAT Details check the VAT Scheme.
Standard VATnull;null;noncloud_std,main VAT Cash Accountingnull;null;noncloud_vca,main Flat Rate Invoicenull;null;noncloud_fri,main Flat Rate Cashnull;null;noncloud_frc,main Type of sale or purchase Select which type of sale or purchase do you want to record. Previousnull;null;main,noncloud_std Sell goodsnull;null;noncloud_std_export_goods,noncloud_std Provide servicesnull;null;noncloud_std_export_service,noncloud_std Buy goodsnull;null;noncloud_std_import_goods,noncloud_std Receive servicesnull;null;noncloud_std_import_service,noncloud_std Buy goods - Standard VAT Buy goods from the EU Under to the Northern Ireland protocol, buying goods from the EU should continue to be treated like intra-community acquisitions after 1 January 2021. Buy goods from the rest of the UK Buying goods from the rest if the UK should, in most cases, continue to be treated like a domestic sale after 1 January 2021. Buy goods from the rest of the world (ROW) Buying goods from ROW should continue to be treated like imports after 1 January 2021. However, if desired postponed VAT accounting is now available, and can be used. Restartnull;null;main,noncloud_std_import_goods Previousnull;null;noncloud_std,noncloud_std_import_goods Receive services - Standard VAT VAT charged on the service - Receiving services where VAT is reverse charged affects boxes 1, 4, 6 and 7 of your VAT Return.
- To record this, post a purchase invoice as follows:
| Type | Net | T/C | VAT | | Purchase invoice | Net amount | T24 - Standard rate | Zero | No VAT charged on the service - Receiving services where no VAT is charged affects box 7 of your VAT Return.
- To record this, post a purchase invoice as follows:
| Type | Net | T/C | VAT | | Purchase invoice | Net amount | T0 - Zero rate | Zero | Restartnull;null;main,noncloud_std_import_service Previousnull;null;noncloud_std,noncloud_std_import_service Provide services - Standard VAT VAT charged on the service - Providing services where VAT is charged affects boxes 1 and 6 of your VAT Return.
- To record this, post a sales invoice with the following details:
| Type | Net | T/C | VAT | | Sales invoice | Net amount | T1 - Standard rate | VAT amount | No VAT charged on the service - Providing services where no VAT is charged affects box 6 of your VAT Return.
- To record this, post a sales invoice with the following details:
| Type | Net | T/C | VAT | | Sales invoice | Net amount | T0 - Zero rated | Zero | Restartnull;null;main,noncloud_std_export_service Previousnull;null;noncloud_std,noncloud_std_export_service Sell goods - Standard VAT Sell goods to the EU Under to the Northern Ireland protocol, selling goods located in Northern Ireland to the EU should continue to be treated like intra-community dispatches and distance sales after 1 January 2021. Sell goods to the rest of the UK Selling goods to the rest of the UK should, in most cases, continue to be treated like a domestic sale after 1 January 2021. Sell goods to the rest of the world (ROW) Selling goods to ROW should continue to be treated like exports after 1 January 2021. Previousnull;null;noncloud_std,noncloud_std_export_goods Restartnull;null;main,noncloud_std_export_goods Type of sale or purchase Select which type of sale or purchase do you want to record. Previousnull;null;main,noncloud_vca Sell goodsnull;null;noncloud_vca_export_goods,noncloud_vca Provide servicesnull;null;noncloud_vca_export_service,noncloud_vca Buy goodsnull;null;noncloud_vca_import_goods,noncloud_vca Receive servicesnull;null;noncloud_vca_import_service,noncloud_vca Buy goods - VAT Cash Accounting Buy goods from the EU Under to the Northern Ireland protocol, buying goods from the EU should continue to be treated like intra-community acquisitions after 1 January 2021. Buy goods from the rest of the UK Buying goods from the rest if the UK should, in most cases, continue to be treated like a domestic sale after 1 January 2021. Buy goods from the rest of the world (ROW) Buying goods from ROW should continue to be treated like imports after 1 January 2021. However, if desired postponed VAT accounting is now available, and can be used. Restartnull;null;main,noncloud_vca_import_goods Previousnull;null;noncloud_vca,noncloud_vca_import_goods Receive services - VAT Cash Accounting VAT charged on the service No VAT charged on the service - Receiving services where no VAT is charged affects box 7 of your VAT Return.
- To do this you will need to a new Tax code with the following attributes:
- Then, to record this, post a purchase invoice as follows:
| Type | Net | T/C | VAT | | Purchase invoice | Net amount | T97 | Zero | Restartnull;null;main,noncloud_vca_import_service Previousnull;null;noncloud_vca,noncloud_vca_import_service Provide services - VAT Cash Accounting VAT charged on the service - Providing services where VAT is charged affects boxes 1 and 6 of your VAT Return.
- To record this, post a sales invoice then, when you receive payment, a sales receipt with the following details:
| Type | Net | T/C | VAT | | Sales invoice | Services net amount | T1 - Standard rate | VAT | | Sales receipt | Services net amount | T1 - Standard rate | VAT | - The VAT Return is affected once you post the sales receipt.
No VAT charged on the service - Providing services where no VAT is charged affects box 6 of your VAT Return.
- To record this, post a sales invoice then, when you receive payment, a sales receipt with the following details:
| Type | Net | T/C | VAT | | Sales invoice | Services net amount | T0 - Zero rate | Zero | | Sales receipt | Services net amount | T0 - Zero rate | Zero | - The VAT Return is affected once you post the sales receipt.
Restartnull;null;main,noncloud_vca_export_service Previousnull;null;noncloud_vca,noncloud_vca_export_service Sell goods - VAT Cash Accounting Sell goods to the EU Under to the Northern Ireland protocol, selling goods located in Northern Ireland to the EU should continue to be treated like intra-community dispatches and distance sales after 1 January 2021. Sell goods to the rest of the UK Selling goods to the rest if the UK should, in most cases, continue to be treated like a domestic sale after 1 January 2021. Sell goods to the rest of the world (ROW) Selling goods to ROW should continue to be treated like exports after 1 January 2021. Restartnull;null;main,noncloud_vca_export_goods Previousnull;null;noncloud_vca,noncloud_vca_export_goods Type of sale or purchase Select which type of sale or purchase you do want to record. Previousnull;null;main,noncloud_fri Sell goodsnull;null;noncloud_fri_export_goods,noncloud_fri Provide servicesnull;null;noncloud_fri_export_service,noncloud_fri Buy goodsnull;null;noncloud_fri_import_goods,noncloud_fri Receive servicesnull;null;noncloud_fri_import_service,noncloud_fri Buy goods - Flat Rate Invoice Based Buy goods from the EU Under to the Northern Ireland protocol, buying goods from the EU should continue to be treated like intra-community acquisitions after 1 January 2021. Buy goods from the rest of the UK Buying goods from the rest if the UK should, in most cases, continue to be treated like a domestic sale after 1 January 2021. Buy goods from the rest of the world (ROW) Buying goods from ROW should continue to be treated like imports after 1 January 2021. However, if desired postponed VAT accounting is now available, and can be used. Restartnull;null;main,noncloud_fri_import_goods Previousnull;null;noncloud_fri,noncloud_fri_import_goods Receive services - Flat Rate Invoice Based VAT charged on the service No VAT charged on the service - Receiving services where no VAT is charged affects box 7 of your VAT Return.
- To do this you will need to a new Tax code with the following attributes:
- Then, to record this, post a purchase invoice as follows:
| Type | Net | T/C | VAT | | Purchase invoice | Net amount | T97 | Zero | Restartnull;null;main,noncloud_fri_import_service Previousnull;null;noncloud_fri,noncloud_fri_import_service Provide services - Flat Rate Invoice Based VAT charged on the service - Providing services where VAT is charged affects boxes 1 and 6 of your VAT Return.
- To record this, post a sales invoice with the following details:
| Type | Net | T/C | VAT | | Sales invoice | Net amount | T1 - Standard rate | VAT amount | No VAT charged on the service - Providing services where no VAT is charged affects box 6 of your VAT Return.
- To record this, post a sales invoice with the following details:
| Type | Net | T/C | VAT | | Sales invoice | Net amount | T0 - Zero rated | Zero | Restartnull;null;main,noncloud_fri_export_service Previousnull;null;noncloud_fri,noncloud_fri_export_service Sell goods - Flat Rate Invoice Based Sell goods to the EU Under to the Northern Ireland protocol, selling goods located in Northern Ireland to the EU should continue to be treated like intra-community dispatches and distance sales after 1 January 2021. Sell goods to the rest of the UK Selling goods to the rest if the UK should, in most cases, continue to be treated like a domestic sale after 1 January 2021. Sell goods to the rest of the world (ROW) Selling goods to ROW should continue to be treated like exports after 1 January 2021.. Restartnull;null;main,noncloud_fri_export_goods Previousnull;null;noncloud_fri,noncloud_fri_export_goods Type of sale or purchase Select which type of sale or purchase you do want to record. Previousnull;null;main,noncloud_frc Sell goodsnull;null;noncloud_frc_export_goods,noncloud_frc Provide servicesnull;null;noncloud_frc_export_service,noncloud_frc Buy goodsnull;null;noncloud_frc_import_goods,noncloud_frc Receive servicesnull;null;noncloud_frc_import_service,noncloud_frc Buy goods - Flat Rate Cash Based Buy goods from the EU Under to the Northern Ireland protocol, buying goods from the EU should continue to be treated like intra-community acquisitions after 1 January 2021. Buy goods from the rest of the UK Buying goods from the rest if the UK should, in most cases, continue to be treated like a domestic sale after 1 January 2021. Buy goods from the rest of the world (ROW) Buying goods from ROW should continue to be treated like imports after 1 January 2021. However, if desired postponed VAT accounting is now available, and can be used. Restartnull;null;main,noncloud_frc_import_goods Previousnull;null;noncloud_frc,noncloud_frc_import_goods Receive services - Flat Rate Cash Based VAT charged on the service - Receiving services where VAT is charged affects boxes 1, 4, 6 and 7 of your VAT Return.
- To record this, post a purchase invoice as follows:
| Type | Net | T/C | VAT | | Purchase invoice | Net amount | T24 - Standard rate | Zero | No VAT charged on the service - Receiving services where no VAT is charged affects box 7 of your VAT Return.
- To do this you will need to a new Tax code with the following attributes:
- Then, to record this, post a purchase invoice as follows:
| Type | Net | T/C | VAT | | Purchase invoice | Net amount | T97 | Zero | Restartnull;null;main,noncloud_frc_import_service Previousnull;null;noncloud_frc,noncloud_frc_import_service Provide services - Flat Rate Cash Based VAT charged on the service - Providing services where VAT is charged affects boxes 1 and 6 of your VAT Return.
- To record this, post a sales invoice then, when you receive payment, a sales receipt with the following details:
| Type | Net | T/C | VAT | | Sales invoice | Services net amount | T1 - Standard rate | VAT | | Sales receipt | Services net amount | T1 - Standard rate | VAT | - The VAT Return is affected once you post the sales receipt.
No VAT charged on the service - Providing services where no VAT is charged affects box 6 of your VAT Return.
- To record this, post a sales invoice then, when you receive payment, a sales receipt with the following details:
| Type | Net | T/C | VAT | | Sales invoice | Services net amount | T0 - Zero rate | Zero | | Sales receipt | Services net amount | T0 - Zero rate | Zero | - The VAT Return is affected once you post the sales receipt.
Restartnull;null;main,noncloud_frc_export_service Previousnull;null;noncloud_frc,noncloud_frc_export_service Sell goods - Flat Rate Cash Based Sell goods to the EU Under to the Northern Ireland protocol, selling goods located in Northern Ireland to the EU should continue to be treated like intra-community dispatches and distance sales after 1 January 2021. Sell goods to the rest of the UK Selling goods to the rest if the UK should, in most cases, continue to be treated like a domestic sale after 1 January 2021. Sell goods to the rest of the world (ROW) Selling goods to ROW should continue to be treated like exports after 1 January 2021. Restartnull;null;main,noncloud_frc_export_goods Previousnull;null;noncloud_frc,noncloud_frc_export_goods [BCB:44:Accounts VAT disclaimer:ECB] |
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