Tax Tip

16 Feb 2010

EC Sales List

By Michael Collins, FPM Chartered Accountants LLP

Question

Q: My business is located in the Newry area and I have always made supplies of services to the Republic of Ireland and to other parts of Europe.  I recently heard that I might have to submit a monthly VAT report, called an EC Sales List, to HM Revenue & Customs.  Could you please advise if this is correct?

 

A:   Yes.  From January 2010 all businesses located in the UK, that supply goods or services, are required to submit an EC Sales List every quarter.  Prior to this only business exporting goods were required to submit an EC Sales List.  This is separate from a Company’s quarterly VAT Return.

EC sales lists for supplies of services that are taxable in the customer’s country must be reported every calendar quarter to HMRC.

From 1 January 2010 you have:

·         21 days from the end of the reporting period to submit an electronic EC Sales List, or

·         14 days to complete and return a paper EC Sales List.

If this is the first time you have had to file an EC Sales List, you may file it online.  Go to www.hmrc.gov.uk, follow the online VAT links and look for EC Sales List Service.

If you would prefer to use a paper EC Sales List, go to www.hmrc.gov.uk, and in the forms section enter the form number VAT101 in the search bar.

On receipt of your first EC sales List HMRC will automatically issue further VAT101’s for you.

The advice in this column is specific to the facts surrounding the question posed.  Neither the Democrat nor the contributors accept any liability for any direct or indirect loss arising from any reliance placed on replies.

 

               

m.collins@fpmca.com

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