Easily manage your proofs of transport and save 20% of your turnover

Since 1^st January 2020, the “Quick Fixes” have entered into force in every member State of the European Union. They are a series of measures that aim to improve the current VAT system in preparation of a major overhaul planned for 1^st July 2022.

This reform includes, among other things, harmonised but more constraining rules regarding how evidence intra-community transport of goods.

In consequence, depending on the situation, the seller must now produce 2 to 3 pieces of evidence that prove intra-community transport of goods for each intra-community supply performed. Please do note that only certain types of documents will be accepted, in compliance with the list provided in the European regulation.

Let us see an example backed by figures to demonstrate the additional workload created by this newly implemented VAT rule.

Imagine you perform 50 supplies per month, which means 600 operation per year, with a tax prescription period of 3 years, which means 1,800 operations.

Depending on who arranges the transport of the goods (you or your buyer), you will need to present 2 or 3 proofs of transport per intra-community operation supply of goods. We then reach a total of 3,600 documents to provide and organise.

Each one of these documents will need to be brought for each operation, each client and each transporter. You will need to present all these at every inspection in order to confirm your VAT exemption. If one of these elements is missing or incomplete, the exemption may be called into question.

With our web-based solition “ASD QuickProof”, organising your documents becomes clear and simple when you are creating a new transaction.