If you deal with overseas companies you will be faced with a whole raft of additional VAT issues.
- when to charge VAT on goods exported to EU or non EU countries
- retaining evidence of export and providing a clear audit trail for Customs
- help with completing additional EU returns and sales lists – there are penalties for non-completion
- services – there are very complex rules pertaining to VAT relating to services provided by overseas businesses – don’t get caught out or assume anything, always seek advice if you are unsure of your position
- You should be able to claim VAT back that you have incurred in other EU countries but it must be done in the EU country where it’s incurred – we can help you to put the procedure in place to do this
These are just a few areas within the vast and complicated overseas VAT regime. For further information and assistance contact us and one of our specialists will be happy to help.
In addition look at our Import / Export (Customs) section of the site that covers the customs issues for businesses.
