We tend to use VT Transactions + for bookkeeping and when entering up purchases from EU their recommended procedure does not end up putting anything in Box 9 for EU purchases. So just wondered whether any of the bookkeeping softwares populate Box 9 when doing purchases from EU countries using Postponed VAT accounting and if not why are the boxes still on the VAT return
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Think it is all to do with traders in Northern Ireland, who are, in effect, still under the 'old' rules.
Think it is all to do with traders in Northern Ireland, who are, in effect, still under the 'old' rules.
It is indeed.
Northern Ireland is still in the EU for VAT purposes (for now), so a NI based business buying/selling goods to/from the EU can continue to use EU rules such as EC Sales list, reverse charge on goods , triangulation, etc....most of which need boxes 8 & 9 for reporting purposes.
If the government were not continually rattling their sabre and threatening to trigger Article 16, there are some potential VAT planning benefits for a GB businesses to set-up a base in NI to take advantage of the special status NI finds itself in.
Northern Ireland is still in the EU for VAT purposes (for now), so a NI based business buying/selling goods to/from the EU can continue to use EU rules such as EC Sales list, reverse charge on goods , triangulation, etc....most of which need boxes 8 & 9 for reporting purposes.
Having said that, there's a bigger issue of whether the data is really needed.
Agree that the UK has little need for the data. But the EU will want it, I'm sure they'll be checking that those goods really are moving from NI to France as per the EC Sales List.
