Reverse charge (services): You calculate the amount of VAT (output tax) on the full value of the services supplied to you, and then enter on your VAT Return the amount of VAT you calculated in box 1, and if you’re entitled to reclaim the VAT on your purchase of these supplies, also put the same figure in box 4 (this in effect cancels out the figure in box 1), full value of the supply in both box 6 and box 7.
Net: £12 (added to both Box 6 and Box 7)
VAT: £12 x 20% = £2.40 (added to both Box 1 and Box 4)
Box 5 = Box 4 minus Box 1. So it's a nil sum game as far as VAT owed to HMRC.
HTH.
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