Reverse Charge VAT Codes for Goods and Services from non-EU Countries
Hello. I am a QBO business user based in Ireland, an EU country. QBO currently provides me with built-in/predefined Reverse Charge VAT Codes for Goods and Services bought from suppliers in EU Countries – these codes are excellent. However, QBO does NOT provide me with Reverse Charge VAT Codes for Goods and Services bought from suppliers in non-EU Countries, e.g., UK, USA. This is a critical requirement.
Developing non-EU RC VAT codes should be straightforward as you can re-use the functionality used by the existing EU RC VAT codes with the exception that you do not link the transactions to EU entries in VAT Returns.
Available today: EU RC VAT Codes: RCS, RCG, RCSR, RCGR
To be Developed: Non-EU RC VAT Codes: RCS-non-EU, RCG-non-EU, RCSR-non-EU, RCGR-non-EU
I have noticed numerous other queries online, both in the QBO community and outside the community, highlighting this problem. It would be very beneficial to many QBO business users in the EU, including Ireland, that you introduce these VAT codes. Without these VAT codes users must consider switching to other accounting software platforms that do provide them and/or the ability to create them.
If you agree to develop the new VAT codes, I would be happy to assist with testing.
Thanks
-john