VAT, EC Sales and OSS System Guide

VAT touches almost everything a business sells and buys. This guide covers how Mantle turns the invoices and bills you record every day into the three returns the tax authority expects: the Cyprus VAT return, the EC Sales List (VIES) for your business-to-business sales across the EU, and the OSS return for your business-to-consumer distance sales. You never key a figure twice; you choose a VAT policy on each line, and the returns assemble themselves.

This guide is for the business owner who needs to file correctly without learning the mechanics of VAT, and for the bookkeeper or accountant who knows the rules already and needs to see how Mantle does it: where the controls are, what each action does to your books, and what Mantle works out for you.

What's inside

• Registering your business for VAT, and why it is the gateway that unlocks every return.
• VAT policies and rates: the five treatments, from standard charge to reverse charge, and how each attaches to a transaction line.
• How a posted transaction becomes the figures on a return, with nothing entered twice.
• VAT periods and the 13-box Cyprus VAT return: opening a period, reviewing the boxes, finalising, settling what you owe, and filing the Tax Department XML.
• The EC Sales List (VIES): reporting goods, services, and triangulated sales to VAT-registered businesses in other EU member states.
• OSS sales periods: reporting business-to-consumer distance sales across the EU through a single return.
• The period lifecycle every return shares, a permissions reference, and a glossary of every VAT term used.

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