We are KashFlow user from the Northern Ireland, and as of July 2021 EU extended One Stop Shop which was related to Digital services to the sales of goods. As a result we have to charge our European customers ( consumers) VAT rate that is applicable in the destination country ( for example 27% if the goods are destined to Hungary). And then once a quarter we have to submit OSS ( One Stope Shop) return and pay vat collected on this transactions to the HMRC.
I know that kashflow had a MOSS, but after Brexit it was disabled. But for us who are based in Northern Ireland this would be very useful fixture.
How should it work:
You record a sale with appropriate vat rate according to the country and the system should recognize the NET figure as a dispatches to EU should be included in ( box 8 of UK /Northern Ireland vat return) and also in Box 6 of vat return.
The vat amount related to those transactions should be excluded from the UK vat return, but should appear as a liability in the Balance Sheet.
And ability to pull the OSS report, would be very beneficial for the users who are Oss/Ioss registered.
It would be great if Kashflow can have a look at that and come up with the solution.
Thank you,
Valentina.
Guest
