Commissions from Acquisitions in Intra-Community Acquisitions
Example:
Irish citizen buys a product from Polish company, which sends him an invoice including Polish VAT, Polish company also sends Commission from Acquisitions to Irish Company, this company sends an invoice under ICA rules (VAT rate 0%) to Polish company.
Is it correct that Irish Company needs to submit information in:
- VAT3 includes this invoice under VAT 0%
- VAT3 includes the net of this invoice under ES1 (presume it is under service to EU counties?? as Irish company is not involved in any transportation of goods)
- RTD includes net in C1 under VAT 0%
- VIES includes Polish Company VAT no - flagged as Service?
Is it correct that commissions from acquisitions should be classified as service?
Any help greatly appropriated.
Example:
Irish citizen buys a product from Polish company, which sends him an invoice including Polish VAT, Polish company also sends Commission from Acquisitions to Irish Company, this company sends an invoice under ICA rules (VAT rate 0%) to Polish company.
Is it correct that Irish Company needs to submit information in:
- VAT3 includes this invoice under VAT 0%
- VAT3 includes the net of this invoice under ES1 (presume it is under service to EU counties?? as Irish company is not involved in any transportation of goods)
- RTD includes net in C1 under VAT 0%
- VIES includes Polish Company VAT no - flagged as Service?
Is it correct that commissions from acquisitions should be classified as service?
Any help greatly appropriated.