Reports customised for an EC Sale VAT code will show sales created for that code, whether or not the EC Customer selection box was marked on the customer’s card. Reports customised to include an EC Purchase VAT code will show the amount of VAT that you would have paid had you purchased in the UK, calculated using the EC Reported Rate percentage that you entered when creating the VAT code.
Use this report if you use the accrual method of VAT accounting. This method works by paying or reclaiming VAT based on the invoice date.
