Cross border Transactions - VAT Pitfalls and Opportunities

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This course can only be purchased via the learning platform.

Introductions

With the ramifications of Brexit hopefully somewhat clearer by this time, we will discuss the implications of buying and selling goods and services from and to other countries. Any transition rules will be discussed in detail:

The reverse charge process will be covered to dispel common misconceptions about it as will the place of supply of services and the consequent VAT implications.

The conditions for zero-rating of goods exported will be discussed as well as the issues of warehousing goods in other countries.

The process for reclaiming VAT from other EU countries will change after Brexit and the method for doing so will be covered.

Key features
  • Exports and imports of goods
  • Changes caused by Brexit
  • Place of supply of services – common mistakes made by businesses
  • Reverse charging – when it does and does not apply and how to do it
  • Claiming back VAT paid in other EU member states

What will I get out of it?
  • Full understanding of the VAT implications of buying and selling goods and services internationally
  • Avoiding common mistakes and the subsequent penalties that may arise
  • Identifying issues in your business’ VAT compliance processes and understanding the corrections needed
  • Optimising the business’ VAT position for international transactions.

Who should attend?
Anyone responsible for VAT decision-making in the organisation would benefit from this course as would anyone who is responsible for raising sales invoices and processing purchase invoices with international customers or suppliers.

Speaker
Malcolm Greenbaum