Intrastat

Fisher69

Hi There,

My company submits intrastat and Vies for all EU Trading from Ireland. We also have goods that are shipped from EU countries that are not shown on our Intrastat Returns. Should we be submitting Intrastat returns for these as well?

One other question:

On our VAT 3 return form, I am confused as to what needs to be added to T1 in relation to intra-EU acquisitions. Do I need to add 21% vat to my 'Goods received from other EU Countries' and add to T1 and T2. I've tried asking the tax office but they're not so clued up as I hoped.

Thanks.

RUDOLF289

Fisher69 wrote: »

Hi There,

My company submits intrastat and Vies for all EU Trading from Ireland. We also have goods that are shipped from EU countries that are not shown on our Intrastat Returns. Should we be submitting Intrastat returns for these as well?

One other question:

On our VAT 3 return form, I am confused as to what needs to be added to T1 in relation to intra-EU acquisitions. Do I need to add 21% vat to my 'Goods received from other EU Countries' and add to T1 and T2. I've tried asking the tax office but they're not so clued up as I hoped.

Thanks.

Hello Fisher69,

INTRASTAT
If you exceed the threshold of € 191.000 in EU Acquisitions per annum, you need to file INTRASTAT returns for your EU imports. Obviously on your EU Dispatches you exceed the the threshold of € 635.000 per annum? As otherwise there would be no requirement to file an INTRASTAT return.

VAT 3
Have a look at the notes on your VAT3 return.

Under T1, you record the amount of VAT the VAT office is due. So what you enter there is ;

1) The amount of VAT you have charged to your Irish customers (presuming you also supply goods here in Ireland)
2) The amount of VAT due on your EU Aquisitions. Your supplier has issued you with a zero rated (VAT) invoice. You need to calculate 21% over that value and add that 21% (not the invoice value of your aquisition) to box T1.
3) If you have any parcels coming in from outside the EU that you have not paid VAT on at the point of entry, you need to calculate the VAT on the value of the parcel @ 21% and also add that to T1

Under T2 you record your socalled "deductible inputs", which are ;

1) VAT you (may) have been charged by Irish suppliers on acquisitions that are "wholy and exclusively for the use in your business"
2) The same amount of VAT which you have calculated under 2) for the box T1
3) Any VAT you may have paid on imports from outside the EU

If T1 minus T2 gives you a negative figure, you add that figure to the box T4. That is the amount that Revenue will refund you. If T1 minus T2 gives you a positive figure, you add that to box T3 and you remit that figure to the Revenue

In relation to E1, this is where you record the total sales you have made to other EU countries (do not include any sales to Irish customers). In E2 you record the total (invoice) value of goods you have bought from other EU countries.

I attach a VIES-INTRASTAT Guide which hopefully will give you further information. In relation to INTRASTAT and VIES the best people to contact are the VIMA office in Dundalk.

VIMA, Office of the Revenue Commissioners,
P.O. Box 43,
Dundalk,
Co. Louth.
Telephone No. (042) 9353300 or LoCall No.: 1890251010
Fax No.: (042) 9353388
E Mail: vimahelp@revenue.ie

Hope this helps

Best regards,
Rudolf 289

Fisher69

Thank you Rudolf!

Fisher69

Just one more question. In relation to the VAT on the EU Aquisitions, does it make a difference is we are a VAT exempt company?

TaxingTimes

Intrastat and VIES are EU statistical records, and VAT status has no relevance for this as far as I know.

TomMc

RUDOLF289 wrote: »

VAT 3
Have a look at the notes on your VAT3 return.

Under T1, you record the amount of VAT the VAT office is due. So what you enter there is ;

1) The amount of VAT you have charged to your Irish customers (presuming you also supply goods here in Ireland)
2) The amount of VAT due on your EU Aquisitions. Your supplier has issued you with a zero rated (VAT) invoice. You need to calculate 21% over that value and add that 21% (not the invoice value of your aquisition) to box T1.
* 3) If you have any parcels coming in from outside the EU that you have not paid VAT on at the point of entry, you need to calculate the VAT on the value of the parcel @ 21% and also add that to T1

Under T2 you record your socalled "deductible inputs", which are ;

1) VAT you (may) have been charged by Irish suppliers on acquisitions that are "wholy and exclusively for the use in your business"
2) The same amount of VAT which you have calculated under 2) for the box T1
* 3) Any VAT you may have paid on imports from outside the EU
If T1 minus T2 gives you a negative figure, you add that figure to the box T4. That is the amount that Revenue will refund you. If T1 minus T2 gives you a positive figure, you add that to box T3 and you remit that figure to the Revenue

So if we import parcels (products for resale) from outside EU which customs miss (An Post deliver without further Vat charges) we add 21% of total value to the T1 figure.

When do we reclaim this new VAT paid out ... in the T2 box of the current VAT3 Form or wait until the next one is prepared several months later, and then reclaimed as vat paid on "imports".

Does vat reclaimed on imports in T2 only apply to vat paid already (in real terms) to An Post or courier, shipping firms.


Thanks.

RUDOLF289

TomMc wrote: »

So if we import parcels (products for resale) from outside EU which customs miss (An Post deliver without further Vat charges) we add 21% of total value to the T1 figure.

When do we reclaim this new VAT paid out ... in the T2 box of the current VAT3 Form or wait until the next one is prepared several months later, and then reclaimed as vat paid on "imports".

Does vat reclaimed on imports in T2 only apply to vat paid already (in real terms) to An Post or courier, shipping firms.


Thanks.

Hello TomMc,

At the same time that you account for the VAT liability, you claim it back. There is absolutely no need to wait for the next VAT return.

In relation to VAT paid to An Post or shipping firms, the important date is the date of the customs entry, not neccessarily when you pay it to the agent.

Example, shipment is cleared on the 30th april, but only delivered to you on the 1st of may and you hand over a cheque for the VAT on that day. In that case you include the VAT paid in the return for april.

Hope this clarifies

Cheers,
Rudolf289