Presented in association with

VAT

INTRODUCTION TO VAT AND CUSTOMS DUTY IN INTERNATIONAL TRADE

This course is an introduction to both the VAT and customs duty implications of international trade in goods and services. It is designed for non-VAT specialists or those new to VAT, or to international trade. This course gives practical and clear guidance through the maze of VAT and duty procedures.

PROGRAMME

INTRODUCTION

• Overview of the systems for
  ~ The movement of goods between member states of the EU and non-EU countries
  ~ Supplies and receipt of services between the member states and countries outside the EU

IMPORTS OF GOODS FROM OUTSIDE THE EU

• Customs duty and import VAT implications and procedures
  ~ How to find the correct rate of duty to pay
  ~ How to value goods correctly
  ~ VAT certificates ~ VAT return completion
• Avoiding or deferring import VAT and
  customs duty eg
  ~ Duty deferment ~ Customs warehousing
  ~ Other suspension regimes eg inward/outward processing relief
• Exports – requirements and valid evidence
  to zero rate

INTRA-EU MOVEMENTS OF GOODS

• Accounting for acquisition VAT
  ~ Tax values, tax points, currency conversion
  ~ VAT return entries
• Dispatches
  ~ Reporting requirements
  ~ Completing the VAT return correctly
  ~ Conditions required for zero-rating
• Danger areas for possible registration in other member states

EU TRADE REPORTING

• An introduction to VAT return, European sales listing and Intrastat requirements

RECOVERING FOREIGN VAT

• Mutual recovery – the key features and conditions

INTRODUCTION TO INTERNATIONAL SERVICES

• Supplies
  ~ Recognising when to charge VAT to an overseas customer and the rules for not charging VAT
• Receipts
  ~ Accounting procedures for certain types of service – the ‘reverse charge’

SPEAKER

Gwen Ryder BA, AIIT
VAT and Customs Consultant

25 June 2008	£520 + VAT
3 December 2008	£520 + VAT

1 day course 09.30-17.00

'I would like to praise Gwen's level of understanding and her ability to provide explanations which were understandable. She also has great presentation skills and made the course interesting'

INTRODUCTION TO VAT AND CUSTOMS DUTY IN INTERNATIONAL TRADE