EC Sales Lists

EU VAT registered business trading with other EU VAT registered business may be required to file EC Sales lists on a regular basis reporting all sales being made.

These reports provide VAT authorities with the necessary information ensuring VAT is being correctly accounted for by businesses trading across the EU.  Unlike intrastat reports (which monitors the movement of goods only), EC sales lists report not only the supply of goods but also services that have been made cross-border throughout the EU.

Essentia will also manage the entire process of submitting EC sales Lists by providing the following:

• Analysing movement of goods to determine where declarations are required

• Analysing thresholds to ensure you submit all necessary reports and meet your VAT compliance obligations

• Reviewing all transaction codes in order to make sure reports conform to EU VAT law