Do I need to be VAT registered in France?
As a general rule, a foreign non-established business must register for VAT in France as soon as a taxable supply is made. … Domestic supply of goods not reverse charged: A supply of goods located in France to a French customer where the supply is not subject to reverse charge requires a VAT registration of the supplier.
Do I need to register for VAT in another EU country?
Register for VAT in an EU country
If you do not want to use the VAT MOSS scheme, you must register for VAT in each EU country where you supply digital services.
Is it compulsory to register for VAT?
Compulsory Registration It is mandatory for a business to register for VAT if the total value of taxable supplies made in any consecutive twelve month period exceeded or is likely to exceed R1 million.
What happens if you don’t register for VAT?
If you fail to register for VAT with HMRC when you are supposed to, you may face a penalty. … If you didn’t register on time, then you probably didn’t charge VAT on your taxable goods and services either. Unfortunately, HMRC will still expect you to pay them the VAT that should have been charged at the time.
Do you pay VAT in France?
French VAT rates
The standard VAT rate in France is 20%. Principal reduced rates are 5.5% and 10%. Other specific reduced rated exist such as 2.1% for goods from chemists or some newspapers or 13% for sales in Corsica Island.
Do I charge VAT to non EU countries?
Under the UK’s VAT rules: VAT is charged on most goods and services sold within the UK and the EU. VAT is payable by businesses when they bring goods into the UK. Goods that are exported by UK businesses to non-EU countries and EU businesses are zero-rated, meaning that UK VAT is not charged at the point of sale.
Is VAT charged between EU countries?
Although VAT is charged throughout the EU, each EU country is responsible for setting its own rates.
Do I still charge VAT to EU customers?
At the moment, for EU transactions, VAT is generally not charged on the supply of goods between businesses from another European country by the supplier. Instead, a business recipient is generally required to charge itself VAT, known as acquisition VAT, which is typically an accounting transaction on the VAT return.
Who must register for VAT?
It is mandatory for a person to register for VAT if the taxable supplies made or to be made is, in excess of R1 million in any consecutive twelve month period. A person may also choose to register voluntarily if the taxable supplies made, in the past period of twelve months, exceeded R50 000.
Why would a company not be VAT registered?
Some traders are not registered for VAT because their businesses have a low turnover (sales) and so they cannot charge VAT on their sales (unless they are voluntarily registered)– and some business activities do not attract VAT.
What documents do I need to register for VAT?
What documents are needed to register for VAT?
- Copy of Certificate of Incorporation.
- Copy of Trust Deed And Authority Letter.
- Copy of Original ID.
- Original banking statements (going back three months)
- Original letter from your banker / Original stamped statement from the bank.
- Latest month invoices as proof of trading.