Hello,
I have a question about EC Sales List. My company has been selling to a business in Germany. It has been a 3-way transaction. My German buyer would order from my company, I would order from my supplier in the UK, he would invoice my business and send the order to my buyer directly. Because it was a 3-way transaction and all of us 3 businesses are registered for VAT, I initially thought that my supplier accounting for the transaction in his VAT return was enough and I didn't need to declare it to avoid duplication. Then having read more about it, I realised that I had to declare it as well in the VAT return and started declaring it. The transactions were zero-rated for VAT because all of us have VAT registered businesses. I want to correct my VAT returns for the periods I have not done correctly. How can I do it and how far can I go back? The first sale dates back to December 2014. Should I make the corrections both in the quarterly returns and EC Sales List? How should I submit the latter - to HMRC or the VAT office in Germany? Should I expect a penalty and what could it be? Thank you in advance!
My answers
Hello,
I have a question about EC Sales List. My company has been selling to a business in Germany. It has been a 3-way transaction. My German buyer would order from my company, I would order from my supplier in the UK, he would invoice my business and send the order to my buyer directly. Because it was a 3-way transaction and all of us 3 businesses are registered for VAT, I initially thought that my supplier accounting for the transaction in his VAT return was enough and I didn't need to declare it to avoid duplication. Then having read more about it, I realised that I had to declare it as well in the VAT return and started declaring it. The transactions were zero-rated for VAT because all of us have VAT registered businesses. I want to correct my VAT returns for the periods I have not done correctly. How can I do it and how far can I go back? The first sale dates back to December 2014. Should I make the corrections both in the quarterly returns and EC Sales List? How should I submit the latter - to HMRC or the VAT office in Germany? Should I expect a penalty and what could it be? Thank you in advance!