Member Country VAT Record Maintenance

If you are VAT-registered in another EU country because you sell to non-VAT-registered customers in that country, you will need to create a Member Country VAT Record which holds your company's VAT ID number in the EU country you are trading with.

Member Country VAT Records, in conjunction with Product By Member Country Records, are used by the system to determine the VAT rate payable by the customer in the country you are trading with.

Example: you - the seller - are in the UK and you are selling 'Acme Spanner' to a customer in a different EU country - the Republic of Ireland. A Member Country VAT Record - holding a valid VAT prefix and your VAT number for trading in that country - exists for the Republic of Ireland. A Product By Member Country record exists for the Republic of Ireland and 'Acme Spanner', determining that its VAT Code is the standard rate for the Republic of Ireland. The european_union_vat_rates Table File determines that the standard rate for the Republic of Ireland is 23 per cent. Hence, your Irish customer pays VAT - in their local currency - of 23 per cent when they buy 'Acme Spanner' from you (i.e. a selling Branch in the UK).

For further details and example see VAT Record Maintenance.

This section covers:

• Viewing A Member Country VAT Record

• Creating A Member Country VAT Record

• Editing A Member Country VAT Record

• Deleting A Member Country VAT Record

NEXT: Viewing A Member Country VAT Record