UK authorities require a specific return to be filed by businesses supplying mobile phones or computer chips that are subject to domestic reverse charge on specific goods. This return does not include supplies of other specific goods and services subject to domestic reverse charge. For example, reverse charge supplies on gas and electricity are not included in the Reverse Charge Sales Listing.
Companies making supplies that need to be reported in this return must notify HMRC within 30 days from the day the first reverse charge supply was made. They should also inform the UK authorities in case they stop making such supplies.
If your business only makes purchases of mobile phones and computer chips to which the reverse charge applies, you do not need to submit a RCSL return.
The frequency of filing and due date of RCSL returns follows the VAT return frequency of filing and due dates.
The RCSL return is filed electronically using the online system provided by HMRC. Business should enroll to the online RCSL return from their online portal.
For each customer to which reverse charge of mobile phones and computer chips have been supplied, the following data must be included in the RCSL return:
A nil RCSL return MUST be submitted in case there are no transactions reported.
In case inaccurate or wrong information is reported in your RCSL, you need to file a corrective return. If a business has submitted the RCSL using the online HMRC service, you can simply add, delete or change lines in the form. If the return has been submitted using a CSV file, you will need to resubmit the complete CSV file with the correct data.
In case HMRC finds out that you have included incorrect data in your RCSL, you will be fined with a penalty of £100.
If you file a RCSL late, you will be charged with a penalty calculated on a daily basis. There is a maximum of 100 days computed for your penalty. Also, the amount will increase depending as each further default occurs.
The following rates apply: