VAT reverse charge, how to book in gnuCash?
Geert Janssens
geert.gnucash at kobaltwit.be
Wed Oct 1 12:37:04 EDT 2014
On Wednesday 01 October 2014 18:22:10 LOOPING, Richard wrote:
> Hello all,
>
> my first post here, although I follow the list for quite some time
> already.
>
> My question is about booking of taxes, specifically VAT. I am in The
> Netherlands, and have received an invoice from France.
>
> The invoice states: "VAT reverse charge".
> Until now, I have always ignored that issue by booking the invoice as
> if there was no VAT at all, but obviously that is not correct.
> The right way would be to book the VAT as both VAT payable AND VAT
> receivable, but I cant find a way to do that automatically.
>
> Does anyone have advice on how to get this into gnuCash the right way?
> I hope I explained this clearly, I am not sure about the correct
> english terms for all of this.... :S
>
> Thank you already,
>
> Richard
Some time back I have enabled negative tax rates for sales tax tables.
That should be usable in this context.
What I would do is this:
* Create a new sales tax table named "Reverse charge"
* Add two tax entries in this table (assuming that's the current rate in
the Netherlands):
1. one for 19% against VAT receivable
2. one for -19% against VAT payable
Is that what you're looking for ?
Regards,
Geert
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