VAT

VAT - Cash Accounting VAT

Introduction. This guide explains how BCE manages Cash Accounting VAT. BCE supports Cash Accounting VAT where both purchase and sales documents will only be included on the VAT return once they are f…

Updated 2 years ago by David Rustell

VAT - VAT Rates

Introduction. This guide explains the VAT rates for Customers, Suppliers and Stock & Order Items. BCE allows VAT rates to be stored on customer and supplier accounts and stock items. BCE operates a l…

Updated 2 years ago

VAT - Registration

Introduction. BCE supports multiple VAT registrations, where for example, an organisation has a separate EU registered business in a different country. VAT Registration Number. A VAT number is issued…

Updated 2 years ago

CIS - Domestic Reverse Charge VAT

CIS - Domestic Reverse Charge VAT. This is a reporting solution to permit users to account for the CIS Domestic Reverse Charge VAT This article covers the following roles and processes: Introduction…

Updated 2 years ago by David Rustell

VAT Importing Services from Europe

Introduction. VAT registered businesses are required to account purchases of services from Europe on their VAT return using the reverse charge (Tax Shift) policy. The reporting of imported services f…

Updated 4 years ago by David Rustell

VAT - UK Imports Postponed VAT Accounting

Introduction. UK businesses accounting for import VAT on their VAT return following the HMRC guidelines for ‘Postponed VAT Accounting’. Prior to the UK’s exit from the European Union postponed VAT ac…

Updated 3 years ago by David Rustell

VAT - How to raise a reduced VAT rate invoice?

Introduction. Guidance on how to raise a Sales or Purchase Invoice with reduced VAT Rate in Business Cloud Essentials. Creating a reduced VAT invoice. Create a new VAT Rate for required percentage (m…

Updated 3 years ago

VAT - Reconciling the VAT Report with the VAT Return

VAT - Reconciling the VAT Report. This document explains how to reconcile the BCE VAT report to validate the values reported to HMRC when submitting a VAT return. When running the BCE VAT report, the…