I'm a vat registered business in the UK, my supplier is EU based and is not vat registered.
Is there any implication to this in regards to my EC sales list reporting, Intrastat reporting & VAT returns.
I imagine I would not report on EC sales as they haven't provided a vat number.
I would report on Intrasat as it is an eu aquisition
I wouldn't reverse charge vat on vat return as no VAT registration?
Thank you
Replies (5)
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"Is there any implication to this in regards to my EC sales list reporting, Intrastat reporting & VAT returns."
Yes
VAT number or not, you wouldn't report a purchase on your EC sales list.
If your supplier is not VAT registered, it's not an acquisition.
Take a look at VAT725, section 7.