VAT for United Kingdom

VAT - Value Added Tax. According to HMRC, VAT is a tax that is charged on most goods and services that VAT registered businesses provide in the UK. It is also charged on goods and some services that are imported from countries within and outside the European Union (EU).

You need to create a New Organisation and choose your country as UK to make use of this feature.

Get to know the terms used for VAT accounting by HMRC. VAT Terms

Setting up VAT in Zoho Books

• VAT Settings

Contacts & Items

• VAT Treatment in Contacts
• VAT in Items

Sales & Purchases

• Sales

  • Sales Outside UK

• Purchases

  • Purchases from Outside UK
  • Purchases from Non-EU Countries

Reports

• European Commission (EC) Sales List
• VAT Moss Report