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Asset Sale on Vat Return/EC Sales List?

Do I need to show the sale of assets of vat return

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Client had a number of income generating websites (advertising) which he sold told to company in another EC state (registered for vat in their own state). Trying to work out out if i need to show the asset sale value on clients vat return and EC Sales List similar to normal sales but not much guidance on HMRC's website and the helpline unwilling to offer any guidance and directs you to their "how to fill in and submit your vat return" isnt helpful.

 

 

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By Ruddles
07th Nov 2017 12:57

It's not rocket science, and the inability/unwillingness of the Helpline to assist just further confirms their uselessness.

There is no concept of 'normal' sales in the context of ESLs. So:

Have goods been supplied to a customer in another EU Member State?

If yes:

Is the customer registered for VAT in the State concerned?

If yes:

An ESL must be completed.

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Replying to Ruddles:
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By WhichTyler
07th Nov 2017 13:27

Ruddles wrote:

Have goods been supplied to a customer in another EU Member State?


insert '...or services...' after goods in case it matters
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Replying to WhichTyler:
By Ruddles
07th Nov 2017 13:57

Indeed - I was referring to a simplified flowchart. (I didn't want to get into a discussion about which services are covered and which aren't.)

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