VAT - Overseas matters

Recently added Tips & Advice

IMPORTS - 08.05.2024

Are VAT returns correct for imported goods and services?

A subscriber is concerned that their accountant completes the same VAT return boxes each period for both imported goods and services purchased from abroad. How should these amounts be treated on the returns?
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INPUT TAX - 08.05.2024

Are your suppliers correct to charge VAT?

HMRC issued updated guidance on 4 April 2024 about when an overseas trader, referred to as a non-established taxable person, is able to register for UK VAT. Why is this issue important to you?
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OVERSEAS ISSUES - 29.01.2024

Where does your business belong if you leave the UK?

After many years of supplying your services in the UK through a limited company, you have decided to move abroad. Can you continue being registered for VAT if you have a UK-registered address for your company with Companies House?
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OVERSEAS ASSETS - 04.01.2024

Does boat in Cyprus cause a VAT problem for our UK company?

Q. I own a boat that is permanently moored in Cyprus. It is mainly used for our private holidays, but we sometimes hire it out to friends, relatives and other parties to help pay for its maintenance costs. The income has always been recorded in an American company but we have decided to transfer it to the ownership of our UK company which is registered for VAT. Do we have a potential VAT problem? The boat is worth £500,000. ...
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IMPORT VAT - 04.01.2024

Import VAT claim shock at Tribunal

HMRC’s policy of only allowing import VAT to be claimed by the owner of the goods was upheld in a recent Tribunal case. What potential risks does this create for your business?
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EXPORTS - 30.11.2023

Selling goods to individuals in the EU: what are the pitfalls?

Your business has the chance to sell goods to private customers in the EU and you are aware there is a low value tax scheme. What is the threshold for these sales and what must you consider to avoid a problem with the EU tax authorities?
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VAT - Overseas matters

Most read Tips & Advice

IMPORTS - 08.05.2024

Are VAT returns correct for imported goods and services?

A subscriber is concerned that their accountant completes the same VAT return boxes each period for both imported goods and services purchased from abroad. How should these amounts be treated on the returns?
Read more

INPUT TAX - 08.05.2024

Are your suppliers correct to charge VAT?

HMRC issued updated guidance on 4 April 2024 about when an overseas trader, referred to as a non-established taxable person, is able to register for UK VAT. Why is this issue important to you?
Read more

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