VAT - International Services
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Whether to charge VAT to an overseas customer for services supplied depends on the VAT place of supply rules. There is not one rule, there are many diferent rules which differ according to exactly what service has been supplied , to whom, by whom, and where. The 'VAT Package' changes this year will benefii some, but increase the tax burden on others. Even with such fundamental changes, the complexities of determining whether services can be zero-rated, outside the scope of VAT, with or without 'credit', standard rated or exempt remain. Obligations for a supplier of some services to be registered for VAT in another VAT juristdiction also remain. Almost all services received from outside the UK now give rise to the reverse charge which must be accounted for correctly.
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Further Details
Programme
The new general rule for B2B and B2C services
The importance of 'belonging'
Business and fixed establishments
Relevant business person
Sales to EU and non-EU customers
How to Treat
Services related to land
Cultural, artistic, sporting, scientific, educational and exhibition services
Valuation and work on goods
Hire of means of transport - short and long term
Transport and ancillary services
Services Affected by the 'Use and Enjoyment' Rules
Telecommunications
Special registration rules for B2C supplies
Digitised services
Cross- border leasing
Services Supplied Where Received
Royalties, supplies of staff, hire of goods, advertising
Legal, accounting, consultancy, data processing and telecommunications services
Financial services
Management charges and the 'old' basic rule services
Importing Services- The Reverse Charge
How the import of a new General Rule service affects the business
VAT Return reporting requirements
When to account for VAT - new tax point rules
VAT registration for previously exempt businesses
The anti-avoidance rule for groups containing a non-UK company
More 2010 changes
Recovering foreign VAT
One day course 09.30 – 17.00
This Training Course is taught in classrooms in the following locations:
London WC
Information provided is for information purposes only and no guarantees are made with regards to accuracy. It is advised that all details are checked prior to making a booking. Contents © 1999 - 2012. All rights reserved.
