What happens if you submit EC sales list late?

Failure to submit an EC sales list (ESL) by the due date can give rise to a civil penalty at a daily rate. If an ESL is not submitted by the due date, HMRC may issue a notice. If the ESL is not submitted within a further 14 days, then a penalty will be due.

Do I still need to complete an EC Sales List?

Yes, you’ll still be required to complete one final EC Sales list submission for transactions up to and including the 31st December 2020. This must be filed by the 21st of January 2021 to avoid penalties. After this, no further EC Sales lists will need to be filed.

What do you have to declare on EC sales list?

Enter the following exactly as they appeared on your original EC Sales List:

reporting period.
country code.
customer’s VAT number.
value of supplies.
indicator.

What happens to EC sales list after Brexit?

For the export of goods or the supply of services made to EU businesses on or after 1 January 2021, you will not need to submit an EC Sales List (ESL) . You will have until 21 January 2021 to submit ESLs for sales made before 1 January 2021. After this date, ESLs for GB traders will fail electronic filing with HMRC.

What is EC sales list used for?

EC Sales Lists are used when reporting the VAT on sales to the EU. The EC Sales List contains information on sales and transfers of goods and services to VAT registered companies in other EU countries, with EC standing for European Commission.

Do I charge EU customers after Brexit?

After Brexit, businesses based in Great Britain (England, Scotland, and Wales) can no longer apply the reverse charge to EU sales. If your business is based in Great Britain, and you sell goods to EU businesses, you will not apply VAT to your invoices.

Do I still charge VAT to EU customers?

If you’re in the UK and the place of supply of your service is in an EU country, you do not pay UK VAT. But for some supplies, you may need to register and account for VAT in the country of supply. You must check with the tax authority in that country to find out how to treat the services you’re supplying.

How often submit EC sales list?

For paper submissions, the deadline is 14 days, and for online submissions, the deadline is 21 days after each quarter or month, depending on how often you must submit an EC sales list.

Is VAT charged on sales to EU countries?

For EU-based companies, VAT is chargeable on most sales and purchases of goods within the EU. In such cases, VAT is charged and due in the EU country where the goods are consumed by the final consumer. Likewise, VAT is charged on services at the time they are carried out in each EU country.