VIES

Overview

Surf Accounts added two reports for IE and UK businesses that are required to be filed with Revenue and detail the EU trade that a business carries out. 

VIES (Vat Information Exchange System)

This is a report of zero-VAT-rated transactions to non-local EU customers.  It is required to be filed either monthly or quarterly, so month from/to selections appear. Report will select only those transactions where Invoices carried out with zero VAT rate between eu business and non-eu local customers.

Accessing VIES

To access the VIES, select Accounts» General Ledger» VIES, the following screen will appear.

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The VIES browser appears. To add a new VIES select Add button. Select the Month and the year up to which the VIES will be generated. Save the settings.

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A message appears. Select proceed to generate the report.

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Select proceed to generate the VIES report. The VIES browser generates the report. Select the report and click OPEN. Select Print.

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Columns displayed on the report are:

  • Item No: sequential report line number.
  • Customer Name: Displays the customer name.
  • Customer VAT No.: The VAT number appears with the country prefix, e.g. a UK business would have VAT Number like GB123456789.  The user may or may not have entered the country prefix.  If they haven't, system automatically adds it on the report.
  • Sales Value: Total sales value for the customer, rounded to the nearest Euro (or Pound).  Invoice value is reduced by credit note value.
  • Flag: Blank for goods, "S" for Services. Flag is defined with VAT Rates.
For zero-rated EU transactions, the business is required by law to have the customer's VAT number, so VAT number should be entered in the customer details. 

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