VAT and International Businesses

Objectives

This course aims to provide an overview of some of the trickier aspects of VAT and international trade where mistakes can easily be made which may prove costly. Delegates will gain a wider understanding of the areas covered, learning how to spot potential areas of difficulty and how to manage the VAT side of the transactions concerned more effectively.

Key topics

• International VAT Issues
• Place of Supply
• The European Union
• Exports
• Export Evidence
• Timing of Obtaining Evidence
• Imports
• Postponed Accounting for Import VAT (PVA)
• Customer as Importer
• Intra-EU Movements of Goods
• The Northern Ireland Protocol
• EC Sales
• Acquisitions
• Triangulation
• Goods Sold to Consumers in the EU
• Distance Selling
• International Services
• Place of Belonging
• Evidence of Business Status
• Place of Supply of Services
• The Reverse Charge
• Place of Supply of Services
• Land-related Services
• Passenger Transport
• Admission to Events
• Restaurant Services and Catering
• Short-term Hire of a Means of Transport
• The Use and Enjoyment Override
• Freight Transport Wholly Outside the UK
• B2B Services: the General Rule
• B2B Intermediary Services
• The Irrelevance of Place of Performance
• Reporting the Transactions
• B2C Services
• B2C Work on Goods and Valuation of Goods
• B2C Cultural, Artistic, Sporting, Scientific, Educational and Entertainment Services
• B2C Transportation of Goods
• B2C Intermediary Services
• B2C Intangible Services
• B2C Services: the “General Rule”
• B2C BTE Services Supplied to EU Customers and the One Stop Shop (OSS)
• B2C BTE Services Supplied to non-EU non-UK Customers

Who should attend

Accountants or other staff of accounting firms or other businesses who provide VAT advice or are involved in international transactions involving goods and/or services.