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Post Info TOPIC: VAT to the Channel Islands
RachelatWindmill


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VAT to the Channel Islands
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Hi,

I've had a reply from a company I send sales invoices to in the Channel Islands saying that VAT is not applicable there. I am wondering therefore, should we still charge them VAT and if so how would we/they claim this back if it is not applicable there. Or, if we don't charge them VAT, how would this affect our own VAT returns?

Thanks smile

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RSBookkeeping


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Hello,

you do not need to charge VAT on invoices to the channel islands, only the amount for the service/product. I believe that you will just put the figure into the 'Total Goods TO Other EU Countries' box on the VAT return

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RachelatWindmill


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Thanks for that. I've also spoken to HMRC since posting this and apparently it is seen as an export to non-EU country, thus 0-rated, so no VAT is applicable anywhere on the invoicing but proof of export (eg a proof of delivery from the haulier must be kept) in case of audit on 0-rated items.

They also refered me here for more export VAT info: http://customs.hmrc.gov.uk/channelsPortalWebApp/channelsPortalWebApp.portal?_nfpb=true&_pageLabel=pageExcise_ShowContent&id=HMCE_CL_000130&propertyType=document#P204_17102

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Kaream


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Re Posting Invoice.

I have get an invoice dated 1/9/2010 to be paid so I want to enter it into the system but the management account have been prepared for September 2010 already ( Period 1). What period should I put the invoice in?

Thanks

Kaream

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Kaream Henderson
RSBookkeeping


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You could enter the invoice into period 2 and make an accrual/manual adjustment to the pd 1 accounts

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gsniper2


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hello there..

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