When conducting business abroad as an entrepreneur, you are required to file an ICP (Intra-Community Transactions) return in addition to the regular VAT return. ICP refers to intra-community transactions. In principle, the ICP return can be submitted simultaneously with the VAT return. However, if the foreign turnover exceeds €50,000 per quarter, the ICP return must be submitted monthly.
In Informer, the default setting is that the ICP return is submitted together with the VAT return. Most entrepreneurs do not exceed the €50,000 foreign turnover per quarter. If you do reach this amount, it is easy to adjust.
To do this follow the steps below:
Navigate to Settings in the left-hand menu;
Go to Accounting settings;
Activate the setting ICP declaration separately.
After enabling this setting, a button labeled 'New declaration' will appear in the inside EU declaration in the top right corner. In the next screen, you can select the year and the month to submit the return.