Hi all,
I'm interested to know how everyone is handling this. So far we have followed the Pegasus guidance which is to not touch the existing VAT codes in Opera and let the system continue to update boxes 2, 8 and 9 where applicable. Then when preparing the VAT Return for submission adjustments must be made to reduce these boxes to zero.
Most of our customers are UK based and do not sell or source goods between NI and the EU so do not require boxes 2, 8 and 9 to be updated at all. We are looking at suggesting they simply change the VAT codes in the system and untick these boxes on the relevant vat codes. We did query this with Pegasus who suggested this approach may work but didn't want to commit and advised confirming with HMRC (good luck with that!).
What's everyone recommending to their customers, if you don't mind me asking!
Thanks in advance,
Alex
