VAT on Cross-Border Transactions

Introduction

This live broadcast session summarises how VAT applies from a UK perspective, to EU and non-EU transactions, whether goods or services. It will be particularly useful for accountants, finance directors and advisers who need to be aware of how to account for VAT on these transactions.

The relevant VAT implications of Brexit will also be explored under each heading but will be based on the current position at the date of delivery.

In addition, the ‘quick fixes’ adopted by the EU for particular supplies of goods in the EU and the future plans for trade within the EU will be explored.

What You Will Learn

This live and interactive session will cover the following:

Background

• The legal context
• The EU single market

Goods

• Acquisitions
• Removals of goods from the EU
• Imports
• VAT and customs duties
• Payment and deferment
• Duty reliefs - overview
• Exports
• Place of supply of goods and why it matters
• Distance sales and impending changes

Services

• Place of supply of services (including digitised)
• The Reverse charge
• The mini one stop shop

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.