
MeridianVATB2C
The VAT position with respect to the business to consumer (B2C) transactions is one of the most important aspects to study before commencing a B2C activity within the E.U. Member State. Some of the main points to study are which is the VAT rate to charge, the custom issue etc.. Meridian have developed a specific service MeridianVATB2C in order to assist these clients that made sales on internet directly to final users that are resident in a Country of the E.U.
The on-line transaction made between two subjects that are established in two different E.U. Member State being equalized to the long distance sale fall in to a specific VAT rule of the international transaction.
• In example, when a seller, that is established in one of the E.U. Member State, sale to a private individuals that is resident in Italy, there will be the following scenario:
The VAT identification in Italy involves complying with of all VAT fulfilments that are in force in Italy as:
• Charge the Italian VAT to the customers.
• Prepare the periodical VAT Returns.
• Pay the VAT to the Vat Authority.
• Submit the Annual VAT return.
• Keep the proper VAT books.
With MeridianVATB2C tMeridian take care of all the fulfilments, in both cases, acting as Fiscal Representative or in case of Direct VAT Identification.
For further information on MeridianVATB2C
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