12 November 2007 | Uncategorized
With effect from 1 October 2007, invoices to businesses in other EU member states must be annotated to include any reason for any VAT exemption or any reverse charge.
For instance, a supply of goods or services to a company in France should include a statement such as, “This an intra-community supply”.
Where the supplies are exempt, it should read something like, “This supply is exempt from VAT.”
Similar rules also apply for the second-hand margins scheme, the reverse charge and the Tour Operators Margin Scheme.
The information provided is for general information purposes only.
Legislation and details may have changed since this was written. The text may not include all matters that are relevant to your individual situation.
You should not make decisions, or refrain from making decisions, without taking further professional advice about your specific circumstances.
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