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Originally Posted by Old Bloke  if in Europe our customer is VAT registered we do charge VAT at the current rate of 17.5% and the customer can claim the VAT back through their local system. |
OB, I run a small business on accrual accounting basis for VAT and do NOT charge VAT to EU customers that furnish me with their VAT number. Each quarter I submit an EU sales sheet listing the customer's VAT numbers.
Are you charging VAT because you are not on accrual?