Applying the international VAT rules is not straightforward and mistakes can lead to costly delays. This course clearly explains how a UK organisation should apply the rules and account for VAT on cross border supplies of goods and services, both in the EU and RoW.
Goods - the course covers zero rating exports and evidence requirements, import VAT, how to apply postponed VAT accounting and the Import One Stop Shop.
Services - the course covers how you determine the place of supply, the general rules, how and when to apply the reverse charge and the many exceptions to the general rules.
Attending this course will lead to more efficient handling of international VAT within your organisation and help you correctly submit the VAT return. What’s more, your greater understanding will help you maximise VAT reclaims, reduce delays and improve cash flow.
This comprehensive course will benefit anyone working in accounts or finance teams, where a good understanding of UK VAT is required and is involved in processing sales or purchase invoices for international trade. It is essential training for anyone who completes VAT returns or is responsible for the recording of VAT on foreign goods or services.
