HMRC has updated its guidance on submitting EC Sales Lists using CSVs. In the ‘Format to use for an ESL CSV bulk upload file’ section and after the country codes the new guidance adds:
- In ‘The total value of supplies’ bullet it adds that ‘if you are reporting a call-off stock you must leave the field blank for value of supplies.
- In the following bullet the following Indicator codes have been added:
– ‘4′ (for transport of stock under call-off stock arrangements)
– ‘5’ (for returned stock under call-off stock arrangements)
– ‘6’ (for a change in intended acquirer under call-off stock arrangements)
The guidance then adds that, ‘If you use indicator ‘6’ you should add in an additional column, the VAT Registration number for the new intended acquirer for call-off stock.’
Source HMRC
Latest Posts in "United Kingdom"
- Property TOGCs Under the Microscope: Navigating VAT Conditions and HMRC Expectations
- Fintua Sponsors Indirect Taxes Annual Conference 2025 in London (Nov 12)
- VAT Hike Would Cause Biggest Economic Damage, Leading Economists Warn Chancellor
- HMRC Clarifies VAT Treatment of Overage Payments on Land Sales
- VAT Error Correction: Amending Returns, Claiming Refunds, and Avoiding Penalties
