International VAT on Cross-Border Transactions - An Essential Introduction

Introduction

This new virtual classroom seminar will provide you with an introductory guide to how VAT applies in an international context not in just goods, but also services.

This session is aimed at accountants, lawyers, finance directors, and any business which needs to have a sound overview of the issues, and how the links fit together.

A reasonable grounding in general UK VAT is assumed and this course is ideal for those new to the area of international VAT.

For those who would like a more in-depth guide to the subject, please see International VAT on Cross-Border Transactions - Beyond the Basics - Learn Live

What You Will Learn

This live and interactive session will cover the following:

Goods

• UK: to and from the EU, and the rest of the world
• UK import and export procedures and requirements, payment of taxes
• VAT implications of selling into the EU
• Imports under £135
• Overview of sales and imports via Online Market Places (OMPs)
• Place of supply of goods, and the relevance of Inco terms - for an awareness of the issues
• The EU Single Market and trade within the ‘remaining 27’ Member States including Northern Ireland
• Acquisitions
• Removals
• NB- the concepts of ‘triangulation’, chain sales, distance sales, ‘deemed’ supplies and the EU One Stop Shop, are mentioned briefly for completeness of awareness only

International Services - A Grounding in the Basics

• Place of Supply of Services
• (Not all services are the same and different rules apply according to type)
• The General Rule (B2B and B2C) and the importance of ‘belonging’
• Exceptions to the General Rule and Simplifications where available
• The Reverse Charge
• A brief outline of the One Stop Shop (OSS) for telecoms and e-services, and some other services

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.