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Sage 200 - VAT code finder

Created on  | Last modified on 

Summary

In the UK if you trade in mobile phones or computer chips with other VAT registered companies, either as part of your day-to-day trading or for your business' own use, and the value of these goods exceeds £5000 on an invoice, you must account for the sale and purchase of these goods in a particular way.

Description

NOTE: This article is part of a wizard, if required, you can restart at the beginning.

Reverse charge is only applied to the sale and purchase of mobile phones and computer chips where the net value of these items on an invoice exceeds £5,000.

For more information about how to record reverse charge VAT:

Or contact HMRC for advice regarding which boxes are to be affected on your VAT Return.