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vAT import duties

FVDE
16/10/2024
Question

What is the best way to enter my FedEx invoice for an order from America?

The amounts on the invoice are next:

Administration costs €15

Import duties €32.60

Import vAT €191.90

Total €239.50

What do I enter for excl. and incl. VAT?

Your amount excluding VAT is simply your total amount minus the VAT. When I enter the invoice, I always note which other invoice it belongs to. Well, from what the import duties are. That makes it all a bit easier when I have to submit my accounts for inspection. :-)

Best wishes and good luck from Gitta!



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