This is a LIVE online seminar delivered over the Internet.
 This live online seminar explains how an organisation in any of the 27 countries in the EU should account for VAT on its transactions with customers and suppliers in EU countries other than its own and in countries outside the EU. It will help people understand the major effects that the European Union and International Trade have upon the VAT administration of an organisation.
The seminar demonstrates how to account correctly for VAT on the acquisition and despatch of goods and related services between member states of the European Union, and on the import and export of goods from and to non-EU countries. The seminar also addresses the issues associated with international services, such as place of supply, VAT liability and the reverse charge. It illustrates the completion of EC Sales Lists and Intrastat, and explains the rules for reclaiming input tax incurred in an EU country other than one in which you have a VAT registration.
 This online seminar is a guide to:
- EU VAT defined and explained
- EU Sales and Acquisitions
- Distance Sales
- Triangulation
- Exports and Imports
- International Services
- Administrative tasks
The course answers the following questions
An introduction to the EU system of VAT
- What is the EU and which countries are member states?
- What is VAT and how does it work?
- Under what circumstances must an organisation register for VAT in another EU country?
- What rates of VAT can be applied in the EU?
- What is the difference between zero-rating and exemption?
- Why is it important to understand the time of supply rules?
Cross-border transactions in goods
- What is an EU sale?
- How do suppliers deal with EU sales?
- How does a customer deal with acquisition tax?
- What is a distance sale and how is it treated?
- What is a triangular transaction?
- How are exports treated for VAT purposes?
- Is VAT payable on goods imported into the EU?
Cross-border transactions in services
- What are the general place of supply rules for services?
- How do you apply the reverse charge?
- What are the exceptions to the general place of supply rules?
Administrative tasks
- How and when can input tax be recovered?
- How do you reclaim input tax incurred in another EU country?
- What are recapitulative statements?
- What is Intrastat?
The following information is of particular relevance to delegates from outside the UK.
- The seminar is presented in English.
- The price for overseas customers is €150 or $175.
- All times stated below are UK time.
 Course Times:
AM Seminars: 9:30am - 12:30pm (UK Time)- Login at 9am
PM Seminars: 1:30pm - 4:30pm (UK Time) - Login at 1pm
For details of other VAT seminars please click here.
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