EC VAT Report
This report captures information about the value of intra-community sales and purchases. All VAT-registered businesses involved in intra-EC trade must complete this report, even if it is a nil or blank entry.
The report extracts information for boxes 1-7 from invoice and voucher sales tax information, and boxes 8-9 from invoice register and A/P voucher register line items, grouped by tax code.
On invoicing, charge VAT when your customer is domestic or located in another member state, and when the customer is not registered and arranges for the transport of goods from another location. These cases are identified by a blank tax code on the CO and for the customer. Otherwise, enter a zero-rated tax code in the CO and for the customer. If you can define the transaction as distance selling, you must know the threshold of the customer, and fill in the tax codes when appropriate.
If you charge the UK VAT to an EC customer who then provides a valid VAT registration number from an EC country other than the UK, you can adjust the VAT by issuing a credit/debit note. (To issue a tax-only adjustment, use the Price Adjustment Invoice activity in Sales / Parts Orders.)