Difference between revisions of "How to deal with sales to EU countries and V.A.T. reporting"
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The Country of the customer should be entered on the Invoicing Tab of the "Customer properties", the EC member flag should however be set to "NO" unless the customer has a V.A.T. number. | The Country of the customer should be entered on the Invoicing Tab of the "Customer properties", the EC member flag should however be set to "NO" unless the customer has a V.A.T. number. | ||
| − | The reason for this is that you do not have to declare the goods sold to customers without a V.A.T number unless you exceed the distance selling threshold of that Country. | + | The reason for this is that you do not have to declare the goods sold to customers without a V.A.T number unless you exceed the distance selling threshold of that Country. [http://ec.europa.eu/taxation_customs/resources/documents/taxation/vat/traders/vat_community/vat_in_ec_annexi.pdf| Distance Selling Thresholds] |
Revision as of 15:58, 16 April 2012
Summary
This Article will explain how to Deal with Sales to EU Countries and how this will affect V.A.T. Reporting and specifically V.A.T box 8
More Information
If you are Selling Good or Services to EU Countries then your customers need to be set up in a specific way. The Country of the customer should be entered on the Invoicing Tab of the "Customer properties", the EC member flag should however be set to "NO" unless the customer has a V.A.T. number.
The reason for this is that you do not have to declare the goods sold to customers without a V.A.T number unless you exceed the distance selling threshold of that Country. Distance Selling Thresholds
