Invoice Vat Query/Sage Entry

Yazi Registered Posts: 225 🎆 🐘 🎆

Received an invoice with USA address. EU Vat number. (The firm has offices in the EU.)
Vat applied on invoice 20%.

On Sage, would you enter this as normal on T1 Vat code?



  • Monsoon
    Monsoon FMAAT, AAT Licensed Accountant Posts: 4,071 🎆 🐘 🎆

    If it's an EU VAT number then you can't reclaim it like normal; normally you would give the supplier your VAT number and they would zero rate it (assuming the place of supply rules apply accordingly).

    You need to either contact the supplier to arrange to have the invoice re-issued with zero rate, or use the EU Refunds service to manually claim the VAT back.
  • Yazi
    Yazi Registered Posts: 225 🎆 🐘 🎆
    Thank you.
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