Andrea Wrench said:
“
Hi,
If we purchase goods from the EU for re-sale am I right in assuming that the purchase of the goods should be posted to VAT Code 8 "EC Standard Purchases" and the VAT only invoice we receive from the freight company should be posted to VAT Code 1 "Standard Purchases" ????
Or has this all changed now?
Any advice would be greatly appreciated.
Many thanks
”
Hi Angela
You may find the following url helpful:
https://www.gov.uk/guidance/vat-and-overseas-goods-sold-directly-to-customers-in-the-uk#overview
Best wishes
Donna
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