Discussions

Hi there,

I'm based in the UK and we have CIS deduction and reverse charge VAT.

When I use the tax code 20% RC CIS, it doesn't calculate the amount properly on the line. For example, if I invoice for £100 with this tax code, the amount payable at the bottom should be £80. This is because it should deduct 20% CIS and the 20% VAT reverse charge.

Because it doesn't do this, I have to add another line for example that is name "VAT Reverse Charge" and put a description of something like "20% VAT Reverse Charge Applied." and in this example I would do quantity at -1 and the amount at £20.

First of all, I've had contractors get confused with this set up. And then the problems start when the invoices get imported into Quickbooks. Because QuickBooks does what is should do with the 20% RC CIS code, it clashes with this extra line I have to do on servicem8 regarding the VAT reverse charge.

Is there a way of solving this where ServiceM8 deducts the amount it should be on the invoices? It's creating a lot of working having to edit the invoices every time they get imported into QuickBooks.

Thanks for your help!

Peter