 Many UK businesses supply services to customers outside the UK. Equally, they may receive services from overseas suppliers. The rules which apply to the treatment of VAT in these situations are complex - this half-day seminar explains them in a logical and methodical way with plenty of illustrative examples and case studies. We also present a full day seminar on international trade which includes Goods, click here for more information.
The course answers the following questions
General principles
- What is the general rule for supplies of services and when does it apply?
- What are the main exceptions to the general rule?
- How does the reverse charge operate?
- How do I make out an invoice to an overseas customer?
- How may the reverse charge affect me if I receive a service from an overseas supplier?
 Exceptions to the general rule
- How are land-related services treated?
- What happens if my business supplies training or exhibition services abroad?
- How do I account for VAT on work carried out on other people’s goods?
- What is the VAT treatment if I supply intermediary services?
- How does VAT apply to intra-EU freight services?
- Why is there usually no VAT on consultancy services between traders in different countries?
VAT Return and EC sales lists
- How is all this dealt with on the VAT Return?
- How do I account for the reverse charge if my business makes exampt as well as taxable supplies?
- I presently complete an EC sales list for sales of goods, but I have heard that I now have to do so for supplies of services – can you give me details?
Reclaiming foreign VAT
- Can my business reclaim VAT incurred in other EU countries?
- What are the procedures and time limits for submitting reclaims?
- What about VAT incurred in countries outside the EU?
Course Material:
- A free extract from the 2011 edition of 'The Essential Guide to UK VAT', written by Peter Hughes.
- A free 1 month subscription to the VAT Resource Centre, giving you access to critical information on VAT.
Click the image to view our classroom version
Course Time:
3 Hours: 1:30pm - 4:30pm (UK Time)
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