I hope someone can help me here, because I feel like I have run into a brick wall.
We are UK based, selling through Pan European FBA, and are registered for VAT in France.
We need to pay French VAT and there are two options for this
- Pay online and incur a €60 fine
- Pay via direct debit
I’m very keen to avoid paying that €60 and get a direct debit set up.
But the problem is the direct debit has to be paid from the Euro account which can cope with a B2B SEPA direct debit request. I’m struggling to find such an account in the UK.
I bank with HSBC and they don’t offer B2B SEPA in the UK. I found useful information on this forum about Barclays offering it and it is true, and I spoke to them and they do, but only if you turn over >£2M or have more than 9 staff. They said they thought it would be the same with all banks.
So my question is, does anyone know the best way to sort this out? Is there a UK bank that will offer this to a small business? Or do I need to look at setting up a bank account in a Euro Zone country, and if so, can anyone recommend any good countries / banks where it is relatively easy to get an account set up?
Many thanks in advance for any pointers.