Taxation logo taxation mission text

Since 1927 the leading authority on tax law, practice and administration
Home Saved articles Viewed items Login Contact Free Trial
|

Overseas trade

© Copyright LexisNexis 2024. All rights reserved.

05 February 2013
Issue: 4389 / Categories: Forum & Feedback , VAT
An agent for manufacturers within the EU operates via a UK-based limited company, buying food directly from the factories in, say, Poland, and selling across the UK. He will soon be selling to businesses in the US and the Republic of Ireland

We have been approached by a new client who acts as an agent for various foods manufacturers within the EU. He operates his business via a UK-based limited company and he is also based here.

He buys food directly from the factories in for example Poland and sells it across the UK.

He is planning to start trading with business customers in the US and the Republic of Ireland (RoI).

To start he will be selling spices only. He will collect orders from the US and RoI and the spices will be shipped directly from Poland to those countries. The spices will not be transported through the UK.

In terms of money transfers the transaction will look as follows: our client will take an order from the American business for which a sales invoice will be raised. Our client will collect the payment.

Afterwards...

If you or your firm subscribes to Taxation.co.uk, please click the login box below:

If you are not a subscriber but are a registered user or have a free trial, please enter your details in the following boxes:

Subscribe Now...

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.

READERS' FORUM premium icon
Read All
Tax tip: National Insurance contributions Readers’ forum: Treatment of shares in freehold on disposal Readers’ forum: Sale of personal collection of rare dolls Readers’ forum: HMRC’s attitude to failed R&D claim Readers’ forum: Order of reliefs after donor’s unexpected death
FIVE WAYS TO MAKE ACCOUNTS PRODUCTION AND TAX EASIER.
Download the exclusive Xero
free report here.

New queries
Please email any questions you might have
to: taxation@lexisnexis.co.uk.

NEWS premium icon
Read All
Returns submission when exempt from MTD for VAT Spotlight targets disguised employment income scheme Massive hike in VAT receipts in 2023-24 EU council agrees on VAT in the digital age package Private schools challenge VAT on fees
DEADLINE DATES
CASES premium icon
Read All
Recovery of an invalid refund Interactions with HMRC’s online system Expenditure was not subsidised Legitimate expectation after HMRC instruction Failed sub-sale scheme results in higher liability
MOST POPULAR
This week's opinion: 14 November 2024 Returns submission when exempt from MTD for VAT Spotlight targets disguised employment income scheme Massive hike in VAT receipts in 2023-24 EU council agrees on VAT in the digital age package
Copyright © 2024 LexisNexis
back to top icon