Commentary

V7.262 EU sales lists and completing VAT returns

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.262 EU sales lists and completing VAT returns

Part V7 Tax planning | Commentary

V7.262 EU sales lists and completing VAT returns

A business must complete and submit an EU sales list (ESL) if it:

  1.  

    •     makes supplies of goods to a customer that is registered for VAT in another EU country

  2.  

    •     is the intermediary in a triangular transaction

  3.  

    •     makes supplies of services that are subject to the reverse charge in the EU country where the customer belongs

An ESL can be submitted electronically or on paper format (Form VAT 101).

Most businesses that are required to submit ESLs are required to submit them on a monthly or a calendar quarterly basis. Businesses that

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