Acquisition VAT and Delivery Reclaim Help

[si0795]

I have suppliers in France who charge me Zero VAT on products they ship to my customers. So now when I fill in my VAT returns I suppose I have to calculate the VAT rate that I ‘would of paid’ my suppliers (Input VAT) and insert it into box 2 of the VAT return, here is a link from hmrc showing screenshot guides of VAT Returns - http://www.hmrc.gov.uk/demo/organisation/VAT-online/submit-vat-return/page4.html

Also am I supposed to ‘Pay’ and ‘Reclaim’ VAT on Delivery charges? This includes that in Box 2 do I just calculate the Acquisition VAT solely for the Product sold to me by the supplier or the Total Cost of the Product including Delivery. I wont be charging my customers delivery but I will be paying for it.

[Generix]

I have suppliers in France who charge me Zero VAT on products they ship to my customers. So now when I fill in my VAT returns I suppose I have to calculate the VAT rate that I ‘would of paid’ my suppliers (Input VAT) and insert it into box 2 of the VAT return, here is a link from hmrc showing screenshot guides of VAT Returns - http://www.hmrc.gov.uk/demo/organisation/VAT-online/submit-vat-return/page4.html

Also am I supposed to ‘Pay’ and ‘Reclaim’ VAT on Delivery charges? This includes that in Box 2 do I just calculate the Acquisition VAT solely for the Product sold to me by the supplier or the Total Cost of the Product including Delivery. I wont be charging my customers delivery but I will be paying for it.

For the goods, you buy from France, you account for acquisition VAT. (Net in box 7 and 9, VAT in box 2), you have stated the total cost from your supplier includes delivery therefore you are sorted on your inbound goods and delivery costs for your VAT return.

For the outbound, it depends on whether you are shipping UK>UK or UK>EU/non-EU.

If UK>UK then you add VAT, and the goods and delivery charge goes: net amount: box 6, VAT amount Box 1

If UK>EU/non-EU then no VAT and the goods and delivery charge goes: net amount: box 6

Hope that is clear?

[Generix]

For the goods, you buy from France, you account for acquisition VAT. (Net in box 7 and 9, VAT in box 2 & 4), you have stated the total cost from your supplier includes delivery therefore you are sorted on your inbound goods and delivery costs for your VAT return.