How to deal with Reverse Charge Vat (RCV)

Q. Can SortMyBooks handle Reverse Charge Vat for both Principal and Sub Contractors? 

A. Yes. First check your own company settings, click Home, Settings, Accounting, and make sure your Industry is set to Construction. 

Then see the attached How-To to see how to enter each type. Also included in the How To is information on how to display the phrase ‘VAT on this supply to be accounted for by the Principal Contractor’

• How to deal with Reverse Charge Vat.pdf