Content
Leading article...
We can't go on like this...
General tax...
The name is Bond
Blessed are the givers
Excuses, excuses
PAYE the penalty
Silver and gold
Moving goalposts
Doctor, doctor...
Something phishy
Pension problems
Tax dot com
Unpleasant discoveries
Fair's fair (at last)
Chartered taxpayers
This year, next year
VAT...
Focus your mind
Flat rates aren't flat
Reverse the charges
Flapjack flash
Ready set ECSL
A lofty idea
Law items...
I want my lawyer
Not on my holiday
A grey area
No difference
| From 1 January 2010, new rules have applied to many services provided by UK businesses to foreign customers and by foreign suppliers to UK businesses. One of the key changes is a wholly new requirement to provide HMRC with an analysis of sales by customer - an "EC Sales List" - showing the foreign VAT registration numbers, where you treat supplies of services as "outside the scope of UK VAT" because the customer is a business registered elsewhere in the EU. The first report of services is due in April, and there is no lower limit below which you don't have to provide it - if you sell any services at all to EU business customers, you are likely to have to file a return. If you want to be sure that you are ready for the new reports, or you are not sure which services are still chargeable to UK VAT, we will be happy to help. If you are selling goods to EU business customers, you will already be used to EC Sales Lists, but you will now have to provide them much quicker - if your despatches are more than £70,000 a quarter, the return becomes a monthly chore to be done within 14 days of the month end (on paper) or in 21 days (online). |
© Bayar Hughes & Co., 2010.