I am just going over my mocks and revising for this exam. One of the mocks has a question I am still puzzled over- On the VAT EU section there's a question that mentions a purchase from VAT registered supplier in Ireland. I didnt tick box 1, but apparently I should have.
Why would box 1 be ticked? It mentions that box 1 would include the vat that would have been charged on a VAT reverse charge.
Can anyone explain this as It's only talikng here about an eu purchase. What would be reversed. Does this mean if you make an EU purchase you can claim the VAT Back and so it goes in both 1 and 2 and cancels itself out in this way? My head is in knots!
Edited at 22 Oct 2017 07:49 AM GMT