French VAT - need to make a transfer as unable to set up DD
We are still unable to set up Sepa DD B2B and need to pay for last 2 months to French authority by transfer. Anyone knows what is the bank account number or IBAN i guess? What do you put in the reference? We will be trying to set up Sepa B2B with lloyds but as we are micro business in the eyes this might be a no no. Anybody actually managed to overcome it? i dont want to pay 60E penalty every month…
4 replies
Seller_z6B2L9xab6HlP
My understanding is that although they require a SEPA B2B DD if you pay using a SEPA credit transfer (i.e. a Euro bank account based in a eurozone country) then they don’t issue a penalty (at least that was the situation a few months ago). Paying by SEPA Core DD apparently does trigger a penalty.
You can get a SEPA bank account via Electronic Money Institutions like Revolut and Transferwise (and possibly WorldFirst).
Seller_Ksv7a5KT2rTdD
thank you for your help, we made a transfer today and were trying to contact lloyds tsb to set up sepa b2b but after 1,5h on the line we gave up…
Seller_Ksv7a5KT2rTdD
thanks, we will stick to Transferwise, we also changed it for our EU amazon money transfers so hopefully we wont be paying anu more penalties
