VAT technical questions
Technical and general questions on how VAT, ESL, Intrastat and other reports work.
In order to avoid issues, we recommend keeping all VAT matters in one hand. Please come back to us with the list of your countries and our Sales Team will p...
Tue, 30 Mar, 2021 at 10:20 AM
Intra-Community deliveries are 0 rated in case of the following conditions are met: delivery of goods with transport whose origin and destination are two...
Tue, 30 Mar, 2021 at 10:21 AM
This situation usually arises in case of transfer of own goods from the different warehouses. Reverse charge invoices are charged with VAT 0% and must ...
Tue, 30 Mar, 2021 at 10:23 AM
Please follow the below link for the detailed invoicing rules: https://ec.europa.eu/taxation_customs/business/vat/eu-vat-rules-topic/vat-invoicing-rules_en
Tue, 30 Mar, 2021 at 10:23 AM
Penalties and interest charges can be issued for both late submissions and late payments including backdated VAT returns. The amount of penalty and inte...
Tue, 30 Mar, 2021 at 10:33 AM
The import VAT can be reclaimed in the specific country where it was paid. For example import paid during importation to the United Kingdom can be reclaimed...
Tue, 30 Mar, 2021 at 10:51 AM
In case where the buyers VAT ID number is not valid in VIES, we reclassify the intracommunity sales as local sale and apply the standard VAT rate on it base...
Wed, 31 Mar, 2021 at 10:47 AM
The filing frequency of the returns is depending on the country and it can either be monthly, bi-monthly, quarterly, biannually or annually. Generally,...
Tue, 30 Mar, 2021 at 10:52 AM
Selling and shipping products product from country A to country B to individual customers (B2C) is called distance selling. Initially such transactions ...
Tue, 30 Mar, 2021 at 3:56 PM
Tax payers with an annual turnover above €700,000 must remit any VAT due each month. Businesses below this amount can opt to pay quarterly, but must pay a ...
Tue, 30 Mar, 2021 at 3:46 PM