When you raise a sales invoice under the ‘reverse charge’ mechanism, you’ll be required to submit an EC Sales List – find out more about the reverse charge here
If you have a figure in box 8 on your VAT return, which details sales made to EU countries, then you’re going to need to submit an EC Sales List.
The frequency of the return depends on if it’s a good or service, and on the value sold to the EU.
There's more detail on the HMRC site here – but this is the current guidance:
|
Your business supplies |
The value of your supplies |
Send your ESL every |
|
Goods |
is over the £35,000 threshold in the current or 4 previous quarters |
month |
|
Goods |
is under the £35,000 threshold in the current or 4 previous quarters |
quarter |
|
Services that are subject to the reverse charge in the customer’s country |
Not applicable |
quarter (but you can choose to send them every month) |
|
Goods and services where you are required to send monthly lists for your goods |
Not applicable |
month for all supplies or goods, and quarter for services
|
You must register and enrol for HMRC online services to file your EC Sales List and submit it online.
If you’re a Xero online accounting user, you’ll find all the information you need for your submission in the EC Sales List report – this gives details of all your sales to the EU via the reverse charge mechanism.
If you need help producing your EC Sales List, give us a call on 01454 300 999, or drop an email to info@fd-works.co.uk
Find out more about the FD Works’ approach to finance at fd-works.co.uk