With VAT reverse, it’s the responsibility of the customer, rather than the supplier, to charge VAT and report it on the VAT return.
When creating an invoice with VAT reverse, it is vital to specify that the invoice is with VAT reverse so that the client is aware of the VAT reverse. Let us begin with managing Vat reverse text in Invoices and PDFs.
On your Dashboard, go to Settings > Finance > VAT codes.
Choose “Shifted 0% rate” as the VAT reverse code.
Click on VAT legal text, and then click the “Add” button to add VAT text. To add VAT text, click on VAT legal text and then the “Add” button.
Here you can choose your language, edit or add VAT legal text, and save it.
While creating an invoice, select your client, Products, and language, and in the Vat field select VAT reverse.
When you preview your document, the vat text indicates that this invoice is subject to VAT reverse.
If you have any doubt, feel free to contact us.