What is the VAT reverse charge? Definition of the VAT reverse charge The reverse charge is how you must account for VAT on services that you buy from businesses who are based outside the UK. If you are not registered for VAT, forex info reverse charge reverse charge will not apply to you. Get started on a 30-day free trial!
Now you can enjoy your EA – Good luck with them! I would like to clarify on the forex rate to be used for foreign credit note received from foreign supplier. The original foreign invoice was received May 1 and paid in June. However, on July 28, a credit note was received from the supplier.