EC Sales and flat Rate VAT
Emily-Kate
Registered Posts: 5 New contributor 🐸
Hi,
I have a VAT query re the new EC services rules and need to apply it to a client on the flat rate VAT scheme.
My client is a business consultant and in February presented at a conference in Helsinki on behalf of his customer, who is VAT registered in Finland.
I have trawled through the relevant VAT notices (741a and 733) and have come up with the following:
It is a B2B supply, performed in Finland, so is beyond the scope of UK VAT and the customer was not charged VAT. I have validated the FI VAT number. I have completed an EC sales list, using indicator 3. As the deadline for this was 14th I have already filed it.
For the VAT return, I have excluded the value of the invoice from box 6 the total turnover figure, (as is beyond the scope...) and applied the flat rate - 12.5% being the revised rate for a business consultant. I have not put anything in box 8 as the sale is services not goods. Not filed yet - due end April.
Have I interpreted the new rules correctly?
As usual, your feedback would be hugely welcome!
I have a VAT query re the new EC services rules and need to apply it to a client on the flat rate VAT scheme.
My client is a business consultant and in February presented at a conference in Helsinki on behalf of his customer, who is VAT registered in Finland.
I have trawled through the relevant VAT notices (741a and 733) and have come up with the following:
It is a B2B supply, performed in Finland, so is beyond the scope of UK VAT and the customer was not charged VAT. I have validated the FI VAT number. I have completed an EC sales list, using indicator 3. As the deadline for this was 14th I have already filed it.
For the VAT return, I have excluded the value of the invoice from box 6 the total turnover figure, (as is beyond the scope...) and applied the flat rate - 12.5% being the revised rate for a business consultant. I have not put anything in box 8 as the sale is services not goods. Not filed yet - due end April.
Have I interpreted the new rules correctly?
As usual, your feedback would be hugely welcome!
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Comments
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Sounds correct to me.0
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Dean,
Thanks for that - your agreement helps a lot.
I have been trying to get through to the VAT helpline, but they are always busy and aren't offering a queueing system. I will go with this, and pick up the pieces next quarter if it turns out to be incorrect.0
