EC Sales Lists
VAT registered businesses that trade with other VAT registered businesses across the EU may be required to periodically file EC Sales Lists to report the value of sales. The EC Sales Lists enable tax authorities to audit and ensure that VAT is correctly being reported by businesses trading cross-border in the EU.
Intrastat only monitors the flow of goods whereas EC Sales Lists also tracks the sales value of B2B services made cross-border. Based on the information of the value of supplies sold across the EU and the VAT numbers of the recipients, tax authorities can ensure that businesses do not file for unlawful VAT returns.
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At The VAT Firm, there is a diligent process in place to comprehensively and fully manage the process of submitting EC Sales Lists on your behalf.
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Our EC Sales Lists Services:
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Identification of transactions to be included in EC Sales List submissions
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Ensuring appropriate arrangements are put in place with tax authorities for EC Sales Lists filing
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Advice on appropriate frequency for EC Sales List filing
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Continuous compliance advisory services regarding exchange rate conversion and invoice requirements