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Everything you need to know about connecting your bank and credit cards in QuickBooks Online

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DivinaMercy_N
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Hi there, @louise_b. I want to ensure this will be taken care of.

 

The domestic reverse charge is reported and accounted for in the same way as the entries under the standard Value Added Tax (VAT) scheme. That said, I highly recommend reaching out to your accountant to determine which scheme applies to you and your business. They can also guide you if you need to make adjustments. For more details, please visit this article: VAT Domestic Reverse Charge (DRC) for CIS. 

 

For additional reference, feel free to read this article: VAT domestic reverse charge for building and construction services. 

 

I also added this helpful resource that you can use as a reference in managing your sales taxes in QBO. 
 

I'm always around here in the Community if you have any other concerns about sales taxes in QBO. Feel free to post again here. Have a good one and keep safe. 

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