{"id":37197,"date":"2025-11-12T12:34:52","date_gmt":"2025-11-12T10:34:52","guid":{"rendered":"https:\/\/support.simplbooks.ee\/?post_type=ht_kb&p=37197"},"modified":"2025-11-12T12:34:53","modified_gmt":"2025-11-12T10:34:53","slug":"recording-domestic-reverse-charge-for-metal-products-vat-act-%c2%a7-41%c2%b9","status":"publish","type":"ht_kb","link":"https:\/\/support.simplbooks.ee\/en\/kasutusjuhendid\/recording-domestic-reverse-charge-for-metal-products-vat-act-%c2%a7-41%c2%b9\/","title":{"rendered":"Recording domestic reverse charge for metal products (VAT Act \u00a7 41\u00b9)"},"content":{"rendered":"\u25cf<\/span> In the case of the sale of metal products listed in Section 41\u00b9 2 clause 5 of the Value-Added Tax Act<\/a>\u00a0<\/span><\/span>see the VAT Act here<\/span><\/span><\/span><\/span>, the VAT type 24% Metal sales, exception<\/strong> must be used on the sales<\/strong> invoice. The income account for this VAT type must be account 4700 Metal sales under KMS p41 special arrangements.
\n<\/strong>A reference to reverse charge is also added to the additional information of the sales invoice from the VAT type settings.
\nIf you have created a new income account with a different number, you must add it to the VAT type settings and also update the VAT statement settings.<\/p>\n

\"\"<\/a><\/p>\n

After saving the invoice, you will see the calculated VAT on the sales invoice PDF, but it does not affect the receivable from the customer.\u00a0\"\"<\/a><\/p>\n\u25cf<\/span> For recording the purchase of metal products, the expense account 5405 Metal purchase under KMS p41 special arrangements <\/strong>(subject to reverse charge) has been created. The VAT type 24% Metal purchases, exception<\/strong>\u00a0must also be used on the purchase invoice.<\/p>\n

\"\"<\/a><\/p>\n

Since VAT statement data is based on the account + VAT type<\/strong>, it is also possible to use other expense accounts for metal purchases. In that case, you must manually add the required expense account in the statement settings.<\/p>\n

<\/span>VAT statement settings<\/strong><\/div>
<\/div><\/div>\n

To view or edit the VAT statement settings, go to Accounting<\/strong> -> VAT statement<\/strong>\u00a0 and select \u201cView VAT statement settings<\/strong>\u201d from the Actions<\/strong> menu<\/p>\n

\"\"<\/a><\/p>\n

For the sales<\/strong> to be recorded correctly, the account must be added in the report settings under line 9<\/strong> with the VAT type 24% Metal sales, exception<\/strong>.<\/p>\n

For the reverse charge on purchase<\/strong>s to function correctly, the accounts must be included in the report settings under line 1<\/strong> (with a minus sign) and line 7.1<\/strong>, with the VAT type 24% Metal purchases, exception<\/strong>.<\/p>\n[\/su_note]\n

Invoices for sales and purchases will automatically appear in VAT statement INF sections A and B<\/strong> if they meet the general KMD INF conditions (minimum 1000 euros per transaction partner) and if the correct income and expense accounts have been used as configured in the VAT statement.<\/p>\n

If you have any additional questions, please write to us at\u00a0support@simplbooks.ee<\/a><\/em><\/p>\n","protected":false},"author":426,"comment_status":"open","ping_status":"closed","template":"","format":"standard","meta":{"footnotes":""},"ht_kb_category":[963,964],"ht_kb_tag":[1080,1077,1075,1078,1076,1079],"class_list":["post-37197","ht_kb","type-ht_kb","status-publish","format-standard","hentry","ht_kb_category-sales","ht_kb_category-purchase","ht_kb_tag-1080","ht_kb_tag-charge","ht_kb_tag-domestic","ht_kb_tag-metal","ht_kb_tag-reverse","ht_kb_tag-vat-act"],"_links":{"self":[{"href":"https:\/\/support.simplbooks.ee\/en\/wp-json\/wp\/v2\/ht_kb\/37197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/support.simplbooks.ee\/en\/wp-json\/wp\/v2\/ht_kb"}],"about":[{"href":"https:\/\/support.simplbooks.ee\/en\/wp-json\/wp\/v2\/types\/ht_kb"}],"author":[{"embeddable":true,"href":"https:\/\/support.simplbooks.ee\/en\/wp-json\/wp\/v2\/users\/426"}],"replies":[{"embeddable":true,"href":"https:\/\/support.simplbooks.ee\/en\/wp-json\/wp\/v2\/comments?post=37197"}],"version-history":[{"count":24,"href":"https:\/\/support.simplbooks.ee\/en\/wp-json\/wp\/v2\/ht_kb\/37197\/revisions"}],"predecessor-version":[{"id":37914,"href":"https:\/\/support.simplbooks.ee\/en\/wp-json\/wp\/v2\/ht_kb\/37197\/revisions\/37914"}],"wp:attachment":[{"href":"https:\/\/support.simplbooks.ee\/en\/wp-json\/wp\/v2\/media?parent=37197"}],"wp:term":[{"taxonomy":"ht_kb_category","embeddable":true,"href":"https:\/\/support.simplbooks.ee\/en\/wp-json\/wp\/v2\/ht_kb_category?post=37197"},{"taxonomy":"ht_kb_tag","embeddable":true,"href":"https:\/\/support.simplbooks.ee\/en\/wp-json\/wp\/v2\/ht_kb_tag?post=37197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}