Customs in Europe
VAT and Customs are inseparably entwined. Both serve as control mechanisms to each other, allowing customs authorities and fiscal authorities to verify companies by exchanging information. Nowadays, this cooperation is very well developed in nearly every country in the EU. Therefor, as it comes to VAT compliance, RMB will also examine your operations from a customs point of view.
New Customs definition of Exporters 2020
The French Customs Authorities have decided to implement the new customs definition of exporters, which was originally intended to be put into place on the 31st December 2020. This means that from October 2020 onwards, only companies established on the Customs territory of the European Union can be appointed as the exporter on the Customs Export Declaration. Click here to read more!
New EORI number needed after Brexit
An EORI number is not required for supplies or acquisitions within the European Union (intracommunity supplies or intracommunity acquisitions). With UK now leaving the EU, companies trading with or in the UK will need a separate EORI number in the UK. Click here to read more!
Quick Fixes - EU VAT 2020
With the “Quick Fixes 2020”, an additional importance was given to the customs formalities. Starting from 1st January 2020, new rules intended to harmonise and simplify VAT rules of certain intra-Community operations are coming into force.
Ensuring exemption of VAT on Intracommunity supplies is now subject to three new conditions:
- Obtaining proof of the purchaser’s VAT number, different to the Member State from which the goods will be shipped, before the operation takes place.
- Having previously filed an Intrastat return on dispatch,
- Being in possession of additional evidence that goods have indeed left French territory. In addition to signed and stamped CMR documents, other documents must be kept by the seller to justify VAT exemption.
Questions about Intra-Community movement of goods? Give us a call on +33 3 20 25 70 73 or book a meeting with our specialists!