Forum: Money matters
Topic: Intra-EU invoice VAT citation
Poster: Samuel Murray
Post title: Difference between "no VAT" and "0% VAT" and "VAT shifted"
[quote]Kirsten Bodart wrote:
From company to company, VAT is not applicable. [/quote]
There is a difference between "no VAT" and "0% VAT" and "VAT shifted", although in all three cases, you don't pay anything. Just make sure that you're okay to write anyone of them on your invoice -- your country's tax department may prefer that you use a specific wording.
In my country of residence, I can't put "0% VAT" on my invoices, because none of my services have a 0% VAT rate. I can put "no VAT" on the invoice for non-EU clients, but I can't put "no VAT" on the invoice for EU clients. The required wording for invoices to EU clients is "VAT shifted", because there definitely is VAT (it's just not paid). That's how my local rules have it. Check with your country's tax department about your local rules.
Topic: Intra-EU invoice VAT citation
Poster: Samuel Murray
Post title: Difference between "no VAT" and "0% VAT" and "VAT shifted"
[quote]Kirsten Bodart wrote:
From company to company, VAT is not applicable. [/quote]
There is a difference between "no VAT" and "0% VAT" and "VAT shifted", although in all three cases, you don't pay anything. Just make sure that you're okay to write anyone of them on your invoice -- your country's tax department may prefer that you use a specific wording.
In my country of residence, I can't put "0% VAT" on my invoices, because none of my services have a 0% VAT rate. I can put "no VAT" on the invoice for non-EU clients, but I can't put "no VAT" on the invoice for EU clients. The required wording for invoices to EU clients is "VAT shifted", because there definitely is VAT (it's just not paid). That's how my local rules have it. Check with your country's tax department about your local rules.
