VAT Detail Report for EC Purchases

The VAT Detail Report below is made up of two transactions:

  1. A purchase of £100 from 'Fred's Ginger Supplies', a UK supplier. The transaction used the Non-EC VAT code 'S', rated at 17.5%.
  2. A purchase of £200 from 'Bonjour Fournisseur', an EC Supplier. The transaction used the EC Purchase VAT code 'G'.

Note that VAT on the second purchase in the above example appears in both VAT Collected and VAT Paid columns. The two notional amounts of £35 should cancel each other out on the VAT 100 form.

The 'Less EC Purchase VAT' line below each VAT code's total subtracts all of the notional entries created by EC Purchases from the totals, leaving you with the amounts you are actually due to pay. After all, you don't have to pay these amounts - only account for them when reporting VAT to Customs & Excise.