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A couple of quick questions about VAT MOSS calculation

  • 07-04-2021 04:24PM
    #1
    LupoSol
    Registered Users, Registered Users 2 Posts: 5 ✭


    Hi guys and gals,

    I'm filing my VAT MOSS return for Q1 2021, being a British company fully registered with ROS and now dealing with my first post-Brexit VAT MOSS return.

    I have a quick question for you, please.

    I can see that the ROS portal calculates the VAT Amount automatically each time you enter the Member State, Txable Amount and VAT Rate.

    When I used to do it with HMRC UK the "VAT Amount" field was editable, so I could correct the difference of a small cents and align the tax return with the calculations that Quickbooks online does for me. Now, with ROS, I cannot do this any longer.

    In your opinion, would this be a problem (in this quarter the difference is only three cents) or shall I just proceed to declare what ROS calculates for me?

    Also, ALL of my sales are in GBP, but I need to declare everything in EURO instead.

    Is there an official exchange recognised by Revenue that I should use to make the conversion?

    Many thanks for your kind support.
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