Rebecca Benneyworth looks at the amended requirements in relation to EC sales lists from 1 January 2010
EC Sales lists (ESLs) have been around for some years now. Those supplying goods within the EU which are taxed under the acquisition basis are required to submit sales lists on a quarterly basis listing the value of supplies made to, and the EU VAT numbers of each customer during the calendar quarter. This enables the cross border policing of the acquisition VAT – in broad terms in any event.
From January 2010, ESLs will also be required in respect of cross border supplies of services taxed under the reverse charge basis – which is similar to the acquisition basis for goods. However, at the same time some other changes are being implemented which will affect those...
About Rebecca Benneyworth
Rebecca trained in London with Kidsons and, on qualifying, spent some time as Chief Accountant of a manufacturing company. She now has her own small practice in Gloucestershire that comprises of owner managed businesses and small companies.
She also lectures extensively for a range of professional bodies, accountancy firms, commercial organisations and the Inland Revenue. Demand has grown for Rebecca on the lecture circuit where she is well known for her refreshing, enthusiastic and entertaining presentation style as well as having a practical and down-to-earth approach to tax.