.png)
.png)
NEIL WARREN considers the practical challenges that can arise when goods are bought or sold overseas by a UK business
KEY POINTS
- The distinction between UK EU and non-EU supplies.
- VAT is applied when goods enter the EU.
- Reclaimable acquisition VAT applies to EU supplies.
- Special rules apply to ‘triangulation’ scenarios.
- Distance selling rules apply to prevent a VAT advantage.
In the past couple of years a lot of VAT excitement has been created by the changing rules for international services. The VAT rules concerning goods have largely been unchanged but it is fair to say that the way we trade in goods has been revolutionised by the expanding markets in China and India.
In this article I will consider some practical situations regarding goods and VAT and I will also explain an important change in the rules concerning goods...
Alternatively, you can register free of charge to read a limited amount of subscriber content per month.
Once you have registered, you will receive an email directing you back to read this item in full.
Please reach out to customer services at +44 (0) 330 161 1234 or 'customer.services@lexisnexis.co.uk' for further assistance.
