How To Calculate Reverse Charge Vat
How To Calculate Reverse Charge Vat . You can reclaim the input tax on your reverse charge purchases in box 4 of the vat return under the normal rules. In this way, the two entries cancel each other from a cash payment perspective in the same return.from the authorities. CIS VAT Domestic Reverse Charge Ysabelle Tsang from ysabelletsang.co.uk In the above illustration, it is moved from abc firm to xyz firm. If your software cannot show the amount of vat to account for under reverse charge, you must: Normally, the service provider is liable for vat.