Reporting EC sales
Accounting Plus has several reports that analyse sales to EC customers and sales involving EC Sale VAT codes. The effects of these customers and VAT codes on those reports are as follows:
- The EC Sales List report (VAT 101) needs to be completed by UK VAT registered traders who supply goods to traders registered for VAT in other EC Member States. Accounting Plus's EC Sales report is designed to help you complete this form.
The report only includes sales to customers who have the EC Customer checkbox ticked AND the VAT Number field filled in on their card. The type of VAT code used on a sale has no effect on whether or not the sale appears on the report.
- The VAT Detail, VAT Summary, VAT Detail-Cash and VAT Summary-Cash reports analyse the VAT on transactions, grouped together by VAT code. Any report customised for an EC Sale VAT code will show sales created for that code, whether or not the customer had the EC Customer checkbox on the card ticked.
- The VAT Return (VAT 100) is submitted to Customs & Excise to detail how much VAT you are required to pay to them, or entitled to reclaim from them.
Accounting Plus's VAT Return reports have two boxes that are affected by the use of EC Sale VAT codes - none are affected by whether or not the customer had the EC Customer checkbox on the card ticked.