VAT technical questions

Technical and general questions on how VAT, ESL, Intrastat and other reports work.

I am using multiple VAT agents to handle my VAT return in different country, how can I make sure there is no double taxation? If there is double taxation, how can I correct it?
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
When intra-Community deliveries of goods are VAT 0 rated?
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
How reverse charge works on intra community acquisitions when transferring own goods?
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
What information must an invoice contain?
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
What fines and penalties are issued by the tax authorities for missed VAT returns or late payments?
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
Can I deduct the import VAT in my VAT return? What documents do I need to provide?
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
Reclassification of Intracommunity Sales to local sale
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
What is the filing frequency of my returns?
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
What is Distance Selling Threshold, how should I calculate it and when should I inform my VAT agent and start arrange the VAT registration?
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
Why is there an 1% extra payment for VAT in ITALY? How can I avoid this 1% payment legally?
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