VAT reverse charge, how to book in gnuCash?

[Geert Janssens]

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