I have a new client who exports to both EU and non EU countries. I know the rules about EU exports and the EC sales listing but have two questions:
1. Some of the goods are exported and invoiced to EU customers with EU VAT numbers but their end destinations are outside the EU. Should these be listed as EC exports on the EC sales listing?
2. The client is also exporting direct to non EU countries, sometimes in foreign currencies. Do these need to be included in Box 6 on the VAT return?
If so, what rate should be used to convert the value to sterling?
(Part answer only!)
HMRC provide monthly exchange rates on their website. You should use this to convert values to/from sterling.
All sales should be included in Box 6 of the Return.
Where the customer is in the EU, but the goods are exported to a place outside the EU, I will have to come back to you on that one! (PM me on Thursday if I haven't done this!)
