Welcome to Wholesale Forum.com



For Buyers
Wholesale Forum is the fastest growing online business community dedicated to retailers, auction sellers, surplus and overstock buyers needing a quick and safe solution for sourcing trade stock. Join our free and friendly forums today and gain knowledge, offer your advice, and discover new partnership opportunities:
For Suppliers
For wholesalers, dropshippers, manufacturers, distributors and trade services providers. Advertise your business today on WholesaleForum.com for free to reach potential trade buyers on a more personal level. Promote your latest offers, interact with buyers in real time, distinguish yourself as an expert in your field, and attract sales instantly.
Sign up now | More benefits for Buyers |
Sign up now | More benefits for Suppliers |
-
- Join Date
- Oct 2010
- Location
-
- United Kingdom
- Posts
- 175
- Thanks
- 0
- Thanked
- 11 Times in 6 Posts
21 Dec 2010 12:38 AM #1Sell to someone who isn't VAT registered in another EU country
Can anyone tell me what happens if I sell to someone who isn't VAT registered in another EU country?
Want To Be An eBay Powerseller?This is the Service You Need.
-
- Join Date
- Oct 2010
- Location
-
- United Kingdom
- Posts
- 133
- Thanks
- 0
- Thanked
- 2 Times in 2 Posts
21 Dec 2010 12:46 AM #2If you are selling items to a person who is not VAT registered in another EU country, you should get the necessary information on what you have to do. This is also known as a distance sale. It’s considered to be a supply in case you are sending your own products to another EU country. You can use the VAT from your own country or you can register for VAT in the country where you are sending your products. You also have the option to zero rate the VAT.
You should charge VAT in the usual way if you are selling items to a person who is not VAT registered. Remember to include this in your VAT return. The only difference is for supplying goods like alcohol or tobacco. In this case, the VAT rate depends on how you deliver the products. You can choose to deliver the products yourself or have the customer collect them. In case you deliver the items, you should register for VAT in that country. If the client collects the products, you can have the supply zero rated. The only exception is for the private use items.Over 150,000 Verified Sources + Deals 95% Off MSRP + Free Website!
-
- Join Date
- Oct 2010
- Location
-
- United Kingdom
- Posts
- 297
- Thanks
- 0
- Thanked
- 10 Times in 10 Posts
21 Dec 2010 12:51 AM #3Do I really need to register for VAT in the EU country where I am selling my products?
-
- Join Date
- Oct 2010
- Location
-
- United Kingdom
- Posts
- 133
- Thanks
- 0
- Thanked
- 2 Times in 2 Posts
21 Dec 2010 12:56 AM #4You can use the VAT from your own country. However, each EU country has a threshold for distance selling. In case you exceed that threshold, you need to register for VAT in the country you are delivering your products.
-
- Join Date
- Oct 2010
- Location
-
- United Kingdom
- Posts
- 297
- Thanks
- 0
- Thanked
- 10 Times in 10 Posts
21 Dec 2010 01:02 AM #5Thanks a lot! I have another question. How do I report the sales in an EU country where I charge VAT?
-
- Join Date
- Oct 2010
- Location
-
- United Kingdom
- Posts
- 133
- Thanks
- 0
- Thanked
- 2 Times in 2 Posts
21 Dec 2010 01:05 AM #6To report the EU sales in the country where you need to charge VAT, follow these simple steps:
• Write the sales value in Box 1 and 6 from the TAX return form.
• Pay the HM Revenue & Customs
• You need an Intrastat Supplementary Declaration if your sales exceed the yearly threshold.
Got something to say? Sign up now and join the discussions.
Tags for this Thread
Similar Threads
-
UK VAT for non EU buyers - Reimporting goods purchased within the EU
By AlexL in forum Accounting & Tax DiscussionReplies: 4Last Post: 19 Apr 2012, 03:56 PM -
How To Ship Finished Goods To EU Country From US
By Dannyboy in forum Shipping & Shipping Documents DiscussionReplies: 27Last Post: 01 Sep 2010, 12:34 PM -
How to check the validity of a UK/EU VAT number?
By moorejoseph in forum Accounting & Tax DiscussionReplies: 10Last Post: 11 Nov 2010, 05:31 AM -
When selling to other EU member states from the UK - when should I charge VAT?
By Carzzzz in forum Import & Export DiscussionReplies: 11Last Post: 11 Dec 2010, 08:23 AM -
Children's Clothing and Footwear VAT - Can VAT on kid’s clothes be claimed back?
By Carzzzz in forum Accounting & Tax DiscussionReplies: 6Last Post: 03 Jan 2011, 08:11 PM -
Hi World! New member registered into this community
By Daroelona in forum Introduce Yourself To Other MembersReplies: 1Last Post: 07 Mar 2011, 06:46 AM -
How Can I Reduce My VAT Payments? Looking for a VAT Flat Rate Scheme
By fishbro in forum Accounting & Tax DiscussionReplies: 18Last Post: 09 May 2011, 11:58 AM