VAT for Global Traders

International VAT is a complicated process with different rules in different countries.

If you’re planning to trade internationally, you will need to familiarise yourself with the laws of each country you trade with and it is advisable to seek advice early.

There are specific rules for trading within the EU and different rules for non EU countries.  Some of the key areas to consider are:

  • the place of supply of goods and services
  • the VAT rates on supplies of goods and services within or outside the EU
  • the movement of goods between EU countries
  • VAT and the reverse charge on supplies of services
  • preparing and filing EC sales lists with HMRC
  • the treatment of supply of digital services

Most businesses seek professional advice and we have experts who can navigate you through the maze.

 

International tax implications