Setting Up Information for the EU Sales List Report

How the Report Is Calculated

The EU Sales List Report extracts information from the Invoice Register, grouping the information by customer.

All invoices are summed to arrive at the net value (assuming the net value means total value of all invoices minus VAT). If you send the goods to another member state for processing, the transaction must appear on this report with a value of zero.

Sending Goods to Other Member States

Registered businesses must report goods sent to another member state for processing. To ensure that the transaction appears correctly on the EU Supplementary Statistical Declaration Report and the EU Sales List Report, create a customer order (CO) for the goods, and set the following:

• Price to zero (0)
• SSD value to the value of the unprocessed item.

When the processed item returns, create a PO so that the return transaction shows on the EU Supplementary Statistical Declaration Report and the EU VAT Report. The price is the processing charge, and the SSD value is the complete item value.

Regular Cost + Processing Charge

If you send processed goods to another member state, identify the value of the process (not the value of the item). To ensure that the transaction appears correctly on the EU Supplementary Statistical Declaration Report and the EU Sales List Report, create a CO, and set the following:

• Price to the processing charge
• SSD value to the value of the item plus the processing charge

For repairs, follow the above procedure, but do not set the process indicator; instead, set the item's tax code to incur no VAT.

For goods transferred free of charge, enter a zero-priced (CO/PO) line item. For customs purposes, set the SSD value in accordance with EU legislation on the value of goods.