European Union VAT 2010 package legislation comes into effect 1st Jan 2010

Please ensure your invoices are compliant.
               
What is it?
EU VAT 2010 legislation becomes law on January 1st 2010 in all 27 EU Member States and a key component will be a change to the main rule for place of supply of services. Services will fall under the general rule & there are some exceptions. The main rule means that the place of supply of B2B services is where the customer is established and no longer where the supplier is established.

When the customer or the supplier is not established in the EU, some countries will additionally recognise the place of taxation as being the place where the services are actually used & enjoyed. Those rules vary by country in the EU.

What do you need to do?
Please ensure that invoices meet new requirements based upon whether the service supplied is main rule/exception or Use & Enjoyment. We will have to reject any that do not meet the invoicing requirements based on the new legislation. We advise that you obtain VAT guidance from your appropriate expert if you need any clarification.

More assistance required?
Please use the interactive map and pay special attention to the “invoicing address” for the entity as this is where it is established.

Additional guidance can be obtained from your purchasing contact