VAT Return Box 4 - Reverse Charge when on Flat Rate Scheme

[sosnazzy]

Hi all,

Looking for clarity because Google is throwing a whole host of different answers for this one.

Google invoice from Ireland and charge VAT under the reverse charge scheme.

Let's say they invoice me for £100.00 (with VAT at 0%). Do I enter £20 in Box 2 and also £20 in Box 4? Ultimately cancelling each other out?

Can this be reclaimed at all if I am on the Flat Rate scheme?

 

[Scalloway]

From paragraph 6.4 here

https://www.gov.uk/government/publi...lat-rate-scheme-for-small-businesses#section6

buys goods from other Member States of the EU - you must account for VAT on these acquisitions in box 2 of your VAT return. Acquisition tax is payable at the standard rate of VAT and not at the flat rate.

 

[youngtrepreneur]

Good day to you.
I hope this helps:

https://www.alterledger.com/flat-rate-scheme-reverse-charge-vat/