The reverse charge is a special tax procedure. When dealer use a standard tax procedure he make an invoce with VAT and he will be pay to Tax Office (government). When he use an reverse charge procedure he don't get VAT from user. User need pay it to Tax Office. It is same as when a Italian firm buy something in German. German merchant make an invoice only netto. The Italian firm make an Tax report in Italy an he pay the VAT to Italian Tax Office. This procedure isn't classical reverse charge but very similar. The classical reverse charge when you in your country use this procedure for merchant or service. Ex. it uses building industry in Eu and other.
I hope that you can understand my terrible English. It was my question who and how use this reverse charge in sql-ledger. Maybe that good idea the negative tax but I need some test for it and need consultant my auditor. If you have experiences this method please write it. Thanks. 2012/5/11 Paul Tammes <[email protected]> > Amazing! And strange that the taxman approves of that! > Seems to me he has to collect from two pleople instead of one. > With two times the risk of not getting what he thinks he should receive. > > I guess however the taxman will have strong opinions. > If you are supposed to charge 13% VAT, and I were the taxman, I would > come get 13% from you. > Why bother to travel to your customers place for that last 1%? > > Collecting money from your customers, that is your job. > So you should have withheld it in the first place. > Me (as taxman) is lazy, and collect trough you for all smaller > customers all at once. > > Are you sure this is not a cunning way from the customer to get an > extra discount? > > Paul > > 2012/5/11 Walter Zamora <[email protected]>: > > I do not know if it is common, but here, there are instances where you > > must apply a negative VAT. For instance when I sell to certain > > customers, they "withhold" 1% of the VAT I am supposed to charge them. > > Vat here is 13%, so in this case, the customer pays me 12% and the 1% he > > withholds, he must give to the hated tax man. > > > > > > rgrds > > > > Walter > > > > -----Original Message----- > > From: Paul Tammes <[email protected]> > > Reply-to: SQL-Ledger Users <[email protected]> > > To: SQL-Ledger Users <[email protected]> > > Subject: [SQL-Ledger] Re: VAT - Reverse charge in EU > > Date: Fri, 11 May 2012 16:37:37 +0200 > > > > Enlish is not my natve language either, and I am not sure what you want > to do. > > There are a lot of sorts of VAT, at different percentages often. > > > > E.g. VAT witheld from customers and payable to the taxman. Low (6%) > > and High (19%) at the moment in Holland. > > Then there is VAT invoiced to us either low or high by suppliers and > such. > > That VAT is receivable from the taxman, although normally it can be > > deducted from the payable amount and settled at once. > > The idea is that outgoing invoices should total a bigger amount than > > incoming, leaving a profit. > > And thus one has to pay more VAT then can be deducted. > > > > How you may want to or need to reverse the VAT charge is beyond me. > > You either charge your customer VAT and have to pay that exact amount > > to the taxman. > > Or you receive an invoice from a supplier, in which case you can > > reclaim the VAT on that invoice. > > > > A creditnote is the exact mirror image of an invoice, so the same > > reasoning can be used there. > > Only supplier and customer change sides. > > > > Hth, > > > > Paul > > > > PS: You do not by any means refer to the "tax included" tickbox one > > may or may not use on per customer / supplier? > > > > > > > > 2012/5/11 steve jobs <[email protected]>: > >> Hi, sorry my English it isn't my mother tongue. I have an important > question > >> - for me - if somebody can help me. > >> > >> I'ld like to use Reverse charge (VAT) in ledger, how can I record > invoices > >> with reverse tax on ledger? Do I need some special setup in ledger? > >> > >> Thanks > >> steve > >> > >> _______________________________________________ > >> SQL-Ledger mailing list > >> [email protected] > >> http://lists.ledger123.com/mailman/listinfo/sql-ledger > >> > > _______________________________________________ > > SQL-Ledger mailing list > > [email protected] > > http://lists.ledger123.com/mailman/listinfo/sql-ledger > > > > > > _______________________________________________ > > SQL-Ledger mailing list > > [email protected] > > http://lists.ledger123.com/mailman/listinfo/sql-ledger > _______________________________________________ > SQL-Ledger mailing list > [email protected] > http://lists.ledger123.com/mailman/listinfo/sql-ledger >
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