How do you deal with your exports and despatches to elsewhere in the EU? Is Ex Works good enough to zero-rate your exports? What happens if you have no documentation to prove that you exported a consignment out of the UK? Do you know what the Reverse Charge system is, or even how VAT is charged on services elsewhere in the EU? And what about Triangulation? Even better, how good are you at Triangulation and do you know how to deal with Intra-EU Transactions? And, for that matter, if you are an importer, are you aware of Postponed VAT Accounting and its benefits to UK Importers?
New VAT rules apply to e-Commerce trade with the EU as from 1 July 2021. These will affect UK exporters.
The VAT man cometh. Are you prepared?
HMRC are targeting many companies to verify their VAT and export documentation and records, and are penalising those companies which cannot provide sufficient evidence of export. And at a UK VAT rate of 20%, that could seriously damage your wealth.
Now is the time to learn about how to ensure VAT compliance, especially in exports and imports, keep adequate records and know how to deal with all the issues mentioned above. Details of the course are below.
VAT (VALUE-ADDED TAX) & TRIANGULATION
What is VAT and what are the Types of VAT?
The VAT Return
Suppliers, Customers and Invoices
VAT Reliefs and Zero-Rating Conditions
VAT on Consignment Stock
Postponed VAT Accounting (PVA)
Northern Ireland VAT
EU VAT Registration and EU VAT Numbers
EU VAT and Dealing with VAT in other EU Countries
2021 EU VAT Changes
VAT & SAGE Accounting
Responsibility of the Trader
Individual half day courses cost £145.00 + VAT (members) / £195.00 + VAT (non-members)
A discount can be offered when booking 6 or more modules or booking 3 or more delegates on the same course.