VAT reverse charge, how to book in gnuCash?

[LOOPING, Richard]

On 1-10-2014 18:37, Geert Janssens wrote:
> 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

Hello Geert,

thanks for pointing me in the right direction.
I now have something that works, the amounts are there and correct.

It is just that this now totally messes up my custom VAT report, so I 
need to modify that... :-S

Thank you!

Richard