![]() Here’s what a proforma invoice looks like: This way, the buyer can see if the sale is within their budget. Sellers issue a proforma invoice to outline the cost of goods and services to a potential customer. The purpose of a proforma invoice is to help buyers decide if they want to place an order.Ī proforma invoice is almost identical to a commercial invoice however it is not considered a final invoice. What’s the difference between a proforma invoice and a commercial invoice? To see a complete list of the EU countries and certain territories wherein VAT and export rules either do or do not apply, visit the European Commission Taxation and Customs page. Note: There are some exceptions to this as certain countries, such as Gibraltar and San Marino, are members of the EU but do not fall within the EU customs territory. In other words, every single time you ship a package from the EU to a country that is outside of the EU, you need to fill out a commercial invoice. ![]() It is used as a customs declaration and is provided by the exporter (the shipper). When do I need to raise a commercial invoice?Ī commercial invoice is required for any shipment that travels outside of the EU. Keep you in check legally, as failure to provide accurate commercial information leaves you liable to warnings or fines (which vary in seriousness and amount).Prevent shipment delays, as accurate paperwork will help your exporter process your package quickly.Ensure you, the shipper, pay all required taxes and fees.Note: We’ll go into more specifics on what’s included in a commercial invoice and how to fill yours out accurately in the next section.Ĭorrectly filling out your commercial invoice will help to: Precisely what is in the package, delineated by line-item descriptions, gross and net weight of each item, the total weight of the package, type of package, etc.Who you are (via identifiable VAT or EORI numbers) to ensure you are a legally recognised international trader.Who is paying for the shipment and applicable taxes.The reason that you’re shipping the items.How to classify your goods and thus apply the applicable duties and taxes to your package.Where the package came from and where it’s going.It allows customs authorities to understand: What is a commercial invoice and what is it used for?Ī commercial invoice is an important shipping document containing information about the goods you plan to send. How Brexit affects commercial invoicing.How to avoid common mistakes when filling out your commercial invoice. ![]()
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