VAT Reverse Charge
From 1 March 2021 the domestic VAT reverse charge must be used for most supplies of building and construction services. The charge applies to standard and reduced-rate VAT services:
- for individuals or businesses who are registered for VAT in the UK
- reported within the Construction Industry Scheme
SliQ Invoicing allows you to raise invoices and supplier bills with line items subject to the VAT Reverse charge.
For more help, see:
- Enabling VAT Reverse Charge Support
- Configuring Templates to Show Reverse Charge Information
- Showing the VAT Reverse Amounts on Invoices
- Showing the VAT Reverse Amounts in Reports
For help on enabling VAT Reverse Charge in SliQ, see: Enabling VAT Reverse Charge.
In order to print or email invoices with the words "Reverse Charge Applies" against line items your invoice template needs to include the VAT column in the table showing the list of invoice items. To include the correct VAT columns you can either:-
1. Select the classic1-reverse charge invoice template on the Setup/ Template Setup tab as shown in the picture below:
2. Edit your invoice template and make sure that both the VAT and VAT% columns are included in the table of invoice items on your template.
For help on configuring columns on templates, see Configuring Columns.
The VAT Reverse amount can be shown on an invoice by adding the field "ReverseVAT" to an invoice template.
For example, if you invoice contains a line item with a value of £30 subject to a reverse charge VAT rate of 20%, the invoice total will be £30 and the customer will be liable to account for the reverse VAT amount of £6. The value of £6 can be shown on your printed or emailed invoices by editing your invoice template to add the field named "Reverse VAT" as shown in the picture below:
For help on adding fields to templates, see: Adding A Field to A Template.
The VAT Reverse amount can be shown in invoice reports by adding the column "ReverseVAT" to a report.
For example, if you invoice contains a line item with a value of £30 subject to a reverse charge VAT rate of 20%, the invoice total will be £30 and the customer will be liable to account for the reverse VAT amount of £6. The value of £6 can be shown on your invoice reports by customising the reports to include the column "Reverse VAT" as shown in the picture below:
For help on adding columns to reports, see Adding Columns to a Report.