VAT free delivery intra-community
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JO pEARS
Registered Posts: 2 New contributor 🐸
I have today received an invoice from our head office in Germany, with the following two comments on.
VAT free delivery intra-community
and
Tax charge transferred to ship to party.
Does this mean I need to account for VAT on this invoice using the EC VAT code 8 in Sage.
Thanks
VAT free delivery intra-community
and
Tax charge transferred to ship to party.
Does this mean I need to account for VAT on this invoice using the EC VAT code 8 in Sage.
Thanks
0
Comments
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Intra-community sales are not subject to VAT, but the value of the purchases from EC countries has to be declared on the VAT return. The figure for EC purchases goes in to box 9 and sales goes into box 8. Copy and paste this link into your web browser for clarification. www.hmrc.gov.uk/vat/managing/returns-accounts/completing-returns.htm
Hope this helps.0
