The Book-keepers Forum (BKF)
The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> HELP! Explaining VAT for D2C sales to EU customers
Post Info TOPIC: HELP! Explaining VAT for D2C sales to EU customers
Polly H


Newbie

Status: Offline
Posts: 2
Date:
HELP! Explaining VAT for D2C sales to EU customers
Permalink Closed

Hello! We have just moved from Clearbooks to XERO and I'm finding it really hard to know the correct way in XERO to explain/reconcile web-sales of goods (greetings cards/wrapping paper) we have made to customers in the EU, where we have charged them 20% VAT on goods (because they are end-users and not VAT registered companies). I need to do this so our EC Sales Report is correct.

In Clearbooks I used to be able to set the rate at 20% and explain the income as 'EU Sales - Goods'. There isn't an obvious equivalent in XERO and I'm wondering if I need to set up a special tax rule/rate? 

 

Thanks for any advice :) 



__________________
Polly Harrison
BudgetB


Guru

Status: Offline
Posts: 709
Date:
Permalink Closed

Hi Polly,

I'm not sure if I have mis-understood your question, as EC Sales list is only for sales to EU businesses, not individuals. 

 



__________________

Jenny

 

Responses are my opinion based on the information provided.  All information should be thoroughly checked before being relied on.

 
Polly H


Newbie

Status: Offline
Posts: 2
Date:
Permalink Closed

Thanks Jenny... yes, I was confused but have since discovered that only sales to other VAT registered businesses need to go on the EC Sales list. My understanding was that ALL sales to the EU had to be on the list, and that's what I was finding difficult to account for.

Anyway, thanks for your reply.

__________________
Polly Harrison
BudgetB


Guru

Status: Offline
Posts: 709
Date:
Permalink Closed

No problem, at least you're sorted



__________________

Jenny

 

Responses are my opinion based on the information provided.  All information should be thoroughly checked before being relied on.

 
Page 1 of 1  sorted by
Quick Reply

Please log in to post quick replies.
The Book-keepers Forum (UK) -> VAT, Payroll & Tax -> HELP! Explaining VAT for D2C sales to EU customers
Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  
©2007-2024 The Book-keepers Forum (BKF). All Rights Reserved. The Book-keepers Forum (BKF) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Book-keepers Forum and BKF are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Book-keepers Forum. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Book-keepers Forum. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: bookcertltd@gmail.com.

Privacy & Cookie Policy  About