How do I deal with purchases from EU countries and V.A.T. reporting?

Summary

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.

More Information

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 customer 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 sold to EU countries if the customer is V.A.T. registered or you exceed the Distance Selling Threshold of that Country in a specific V.A.T Period or the previous three periods.

See HERE for the HMRC explanation of Box 8 and what is to be entered.

See HERE for Distance Selling Thresholds for EU Countries.

If you know or think you would exceed the threshold then please Contact your Platinum dealer or our support team on 0116 230 1500 or by using our website support contact page.

See also

• How do I Add a New Country?

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Keywords AND Misspellings

V.A.T., VAT, BOX 8,Sales,Selling,European,Country,Countries,Europe,Euro