COURSE OBJECTIVES: This course explores all the VAT rules for international services, and the impact of ''importing'' services from outside the UK in 2010 and beyond. A sound grasp of the basic rules of VAT is assumed.
1 January 2010 brought in fundamental and wide sweeping changes to the rules for international services and the place of supply. The scope of the “reverse charge” has also been dramatically widened, and suppliers of services now have extra administrative burdens in the form of European Sales lists. Further changes will be implemented from 2011 and beyond
COURSE CONTENT
The new General Rules for B2C and B2B supplies
- Place of supply
- The importance of ''belonging''
- Business and fixed establishments
- Virtual offices
Exceptions to the General Rules
- Services related to land
- Cultural, artistic, sporting, scientific, educational and exhibition services
- Valuation and work on goods
- Hire of means of transport
- Effective use and enjoyment
- Registration and simplifications in other Member States
The Impact of the Reverse Charge
- Services affected
- Reporting requirements
- Tax points
Invoicing and reporting supplies to non-UK customers
- Collecting and checking VAT numbers
- Completion of European Sales Lists
Recovering foreign VAT
- 8th and 13th Directive claims
Future changes
WHO SHOULD ATTEND
It is intended for anyone responsible for the VAT affairs of an organisation which supplies or receives services to or from customers outside the UK, or which does work abroad.
"Clear, practical explanations of a difficult area."
Would you like this course run in-house? Call us on 0207 566 8207 to find out more