This course deals with international aspects of VAT. It begins by showing how UK VAT law and the VAT laws of other EU countries are governed by European law. The course then shows how VAT applies to movement of goods both within and outside the EU. When and how the reverse charge operates to account for VAT on cross border transactions is dealt with next. Having covered movements of goods, the course goes on to cover cross border supplies of services and show how the VAT rules apply to these. In particular, the major changes to the rules on cross border supplies of services which were introduced from 1 January 2010 and 1 January 2011 are covered. Finally, the question of when out of state VAT may be incurred and how it can be recovered is dealt with.
On completion of this course, participants will have a greater understanding of:
- The interaction of UK and European VAT law
- How VAT applies to supplies of goods within and outside the EU
- The operation of the reverse charge in cross border transactions
- How VAT applies to supplies of services within and outside the EU
- When and how out of state VAT can be reclaimed.
Authored by: Geoff Sykes
After qualifying with a small firm Geoff spent ten years in London with Deloittes, originally as a tax specialist, and later as National Tax Training Manager. For the next twenty years he was a tax partner in a medium sized firm based in Leeds and Kendal, advising a wide range of business and personal clients on all aspects of tax. He also has experience as a company director and as a director of a retail cooperative society.
CPD Points: 1
CPD Duration (hours): 1
Access: 12 months from purchase date