Re: Proposal for 1.3: 1099 and equivalent tracking

[John Bell <..hidden..>]

Jeff Kowalczyk wrote:
> On Mon, 20 Apr 2009 09:32:47 +0300, John Bell wrote:
>   
> > That sounds very much like what is required for EC Sales List reporting 
> > for EU countries. For each client resident in another EU country, we 
> > would need to record
> > a) country code,
> > b) VAT registration number
> > c) value of sales
> > http://customs.hmrc.gov.uk/channelsPortalWebApp/downloadFile?contentID=HMCE_CL_000048
> >
> > We would need to be able to group the countries into
> > a) own country
> > b) other EU country
> > c) non-EU country.
> >     
>
> Thanks for the info, John. What is the common term for the form in 1c)?
>
> VAT-101?
>
> Also, by grouping 2{a,b,c} do you mean printed on separate forms, i.e.
> limit to one country code per form?
>
> Thanks,
> Jeff
>
>
>   
The common name is "EC Sales List" - in the UK the form is VAT-101. 
Other countries would have different form numbers.
I get the impression that, in general conversation, the British (at 
least) are likely to use the form name, rather than the form number. If 
you asked a businessman what a VAT 101 was he wouldn't know, but ask him 
what an EC Sales List was and he would know. The US, otoh seem to prefer 
to use the form number - probably because there are so many :-)

We only need to report 2b All countries on the same form - I understand 
that some VAT authorities require 2c, probably on a different report.

John