Hi EU members,
I live in NL and we buy many goods in Germany.
I don’t pay VAT in Germany but do have to pay these VAT in NL.
I have 4 tax accounts
The tax master has the VAT two times: VAT21> 21 and VAT21_reversed Charge>minus 21 (-21)
The template for purchase in Germany reads
So now if I have a purchase that want to enter the tax free toal is not changed, but at the same time the reverse charges tax is accumulated in that account, so i know how much I have to pay the tax authority.
For the purchases in NL I have to correct the prepaid VAT with the reverse charge amount in order to get the correct amount for the authority.
It works fine but account wise it is not sound.
Ideally I would just register the reverse charge but than the total of the invoice is no longer correct.
Basically I want to charge the reverse account, but it should not affect the total on the invoice.
Curious how other EU members have solved this issue