Home For accounting professionals VAT
Current updates regarding coronavirus (Covid-19) and the precautions AAT are taking will be continually updated on the below page.

Please check this link for the latest updates:
We hope you are all safe and well and if you need us we will be here. 💚


AccountsPortal and VAT on EU sales and purchases

piratepirate Trusted RegularRegistered Posts: 469
Hi there,

my free trial period with AccountsPortal has expired and I can't find this in the help. I think some of you guys use AccountsPortal on here so thought I'd ask here as not had a reply yet from AccountsPortal.

My potential client has asked about online SaaS systems relating to VAT and asks "I make some sales to EU countries and what if the vat amount was paid to a company suchas ebay registered in luxembourg? Doesn't this have to be dealt with seperately the he VAT return and it would therefore cause problems at the end of year?

I think Xero handles this but not sure about AccountsPortal. If not dfo you know any other SaaS that would handle this. Xero is quite expensive

Also thinking of becomming an AccountsPortal partner as I think its a nice piece of software so if any of you are already a partner can you use the software yourself? Is there a restriction say getting some clients signed up if you are to use it (I am thinking here of using it to get familiar with it for my own accounts and recommending it but if I don't get any clients who wish to use it for a while will I then have to pay for it if I am using it - this is a clause in Xero ie you become a partner and have to get so many clients signed up within 3 months.
Also within AccountsPortal do you have a practice view where you can see a list of all your clients and also you can set a client up within your practice so you invoice them. Its a bit unclear from the email I got from them regarding this.

Comments

  • MonsoonMonsoon Font Of All Knowledge FMAAT, AAT Licensed Accountant Posts: 4,071
    I'm a partner with AP but I haven't used it much yet. It's free to join and you can use your own logo which is a nice touch when making the software available to clients.

    If your client is VAT registered then they should either get foreign invoices zero rated under the reverse charge, as standard, or they should pay the VAT, if the place of supply rules say they should. Reclaiming EU VAT paid in the EU is indeed a separate process to the VAT return and one I don't know a lot about yet. I know if you're registered for HMRC VAT Online you can look at the EU Refund option to see what it's about. We got registered for that service automatically.

    Yes you can use AP yourself; you still have to pay the reduced £5 a month subs I think. There are no client number restrictions as far as I know.

    Yes you have a practice view where you cna view all your clients activity and use their company file. You can either pay their subs direct to AP and invoice them yourself, or they can pay AP direct, up to you.
Sign In or Register to comment.