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• # 112359
• Sun 14 Feb 2016 07:11 PM

Can anyone help me with entering the above?

I have original invoices from France with no vat, then vat statements from the shipping agent - do I enter these as well?

Thanks

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• # 112362
• Mon 15 Feb 2016 09:23 AM

Dear Pedwar

Presuming that your client is VAT registered and supplied their VAT number to the company in France.

I am also presuming these are goods that your client has purchased for business use.  

For the invoices from France you need to select EC Acquisitions as the VAT rate - either standard or zero rated depending on the rating for the goods. 

If the French company has invoiced in Euros - then you will also need to deal with foreign currency exchange.

Using the EC Acquisitions codes will then put the entries in the correct fields of the VAT return.

The shipping agent will have VAT on the invoices it relates to their freight charges. 

Good Luck

• Kind regards

  Nicki P

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• # 112371
• Tue 16 Feb 2016 12:05 PM

Hi Thanks for your reply.The goods are wine for resale. The assumptions are correct. The original invoices had zero vat so I have entered these as EC Acquisitions 0%, but then I have received a VAT Statement from the shipping agents. Do I enter the VAT Invoice? If so, what vat rates do I use in Xero, and what do I do about the outstanding bill? Is there a way to work around this?
Hope you can help,

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• # 112385
• Wed 17 Feb 2016 06:28 PM

Pedwar15 said:

“Hi Thanks for your reply.The goods are wine for resale. The assumptions are correct. The original invoices had zero vat so I have entered these as EC Acquisitions 0%, but then I have received a VAT Statement from the shipping agents. Do I enter the VAT Invoice? If so, what vat rates do I use in Xero, and what do I do about the outstanding bill? Is there a way to work around this?
Hope you can help,”

 Dear Pedwar

Alcholic beverages add a new dimension to the issue - as it depends on the type of sale - transfer of alcohol under bond or not, Duty stamped or not.  Without sight of the original documents I cannot advise further on these charges arose or need to be dealt with.   

Might I suggest that you get your accountant or a another local bookkeeper to take a look at the documents as they may be able to advise further with sight of the original documentation.  Also the freight forwarder should be able to give you further information as to how the charges have been arrived at.

With acquisitions - all goods are transferred with out the VAT - the standard rating and zero rating apply to the rate that the goods would normally suffer.  eg: childrens clothing comes in as 0% acquisition, where as adults everyday clothing would come in as 20% acquisition.

• Kind regards

  Nicki P

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