Difference between revisions of "How to deal with sales to EU countries and V.A.T. reporting"
From Catalyst
(→More Information) |
m |
||
| Line 10: | Line 10: | ||
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. | 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. | ||
| − | {{Tip|iconsize=small|text=For the H.M.R.C. Explanation of Box 8 and what is to be entered | + | {{Tip|iconsize=small|text=For the H.M.R.C. Explanation of Box 8 and what is to be entered [http://www.hmrc.gov.uk/vat/managing/returns-accounts/completing-returns.htm#6 see here].}} |
| − | {{Tip|iconsize=small|text=For Distance selling Thresholds for EU Countries | + | {{Tip|iconsize=small|text=For Distance selling Thresholds for EU Countries [http://ec.europa.eu/taxation_customs/resources/documents/taxation/vat/traders/vat_community/vat_in_ec_annexi.pdf see here].}} |
If you know or think you would exceed the threshold then please {{SupportContact}}. | If you know or think you would exceed the threshold then please {{SupportContact}}. | ||
| − | == See | + | == See also == |
*[[How do I Add a New Country?]] | *[[How do I Add a New Country?]] | ||
{{FAQ}}{{KB_Tags|V.A.T., VAT, BOX 8,Sales,Selling,European,Country,Countries,Europe}} | {{FAQ}}{{KB_Tags|V.A.T., VAT, BOX 8,Sales,Selling,European,Country,Countries,Europe}} | ||
Revision as of 10:00, 3 May 2012
 |
This article or section is under review. Be aware: Content may change as the document is reviewed. |
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 goods 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 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.
 | For the H.M.R.C. Explanation of Box 8 and what is to be entered see here. |
| For Distance selling Thresholds for EU Countries see here. |
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
