Difference between revisions of "How do I deal with purchases from EU countries and V.A.T. reporting?"

Revision as of 17:36, 10 November 2014

This article will explain how to deal with purchases from EU Countries and how this will affect V.A.T. Reporting and specifically V.A.T Box 9.

If you are buying goods from EU Countries then your suppliers need to be set up in a specific way:

The Country of the supplier should be entered on the [Invoicing] Tab of the " Supplier Properties".
The EC member flag should however be set to 'No' unless the supplier is V.A.T. Registered and has supplied their V.A.T. Number.

The reason for this is that you only have to declare goods bought from EU countries if the supplier is V.A.T. registered.

See HERE for the HMRC explanation of Box 9 and what is to be entered.

@@ Line 11: / Line 11: @@
 The reason for this is that you only have to declare goods bought from EU countries if the supplier is V.A.T. registered.
-{{Tip|text=See [http://www.hmrc.gov.uk/vat/managing/returns-accounts/completing-returns.htm#6 HERE] for the HMRC explanation of Box 8 and what is to be entered.}}
+{{Tip|text=See [https://www.gov.uk/government/publications/vat-notice-70012-filling-in-your-vat-return/vat-notice-70012-filling-in-your-vat-return#section3 HERE] for the HMRC explanation of Box 9 and what is to be entered.}}
-{{Tip|text=See [http://ec.europa.eu/taxation_customs/resources/documents/taxation/vat/traders/vat_community/vat_in_ec_annexi.pdf HERE] for Distance Selling Thresholds for EU Countries.}}
-If you know or think you would exceed the threshold then please {{SupportContact}}.
 == See also ==
 * [[How do I Add a New Country?]]
+* [[How to Deal with Sales to EU Countries and V.A.T. Reporting]]
-{{KB_Tags|V.A.T., VAT, BOX 8,Sales,Selling,European,Country,Countries,Europe,Euro}}
+{{KB_Tags|V.A.T., VAT, BOX 9,Purchasing,Suppliers,European,Country,Countries,Europe,Euro}}