It is your responsibility to acknowledge and apply the correct VAT treatment to all of your sale / purchase transactions, including keeping track of any distance selling VAT obligations that may arise in other jurisdictions.
It is your responsibility to track distance selling obligations and selling thresholds to ensure you fulfil any VAT obligations in other EU member states.
If you have transactions that are outside the scope of UK VAT, select 'None' as the VAT rate for these transactions within Business Finance Assistant. This will ensure that they are not reported on your UK VAT return.
- Go to ‘Bank Transactions’ in the left-hand menu
- Select the transaction from the ‘To Review’ and ‘To Categorise’ tab
- Select ‘None’ from the VAT rate dropdown list
- Click the ‘tick’ on the left-hand side of the transaction to mark the transaction as ‘Reviewed’