EU Trade in Goods - VAT Compliance and Reporting

This course is for UK businesses that sell or buy goods in the EU, including via the internet. It gives in-depth and practical guidance on all the UK invoicing and reporting requirements of EU trade, including the correct completion of UK VAT returns, European Sales Listings and Intrastat returns. This course also demonstrates how simple structures can avoid the need to register for VAT in other Member States despite trading there. One of the benefits of this very interactive course is that all delegates gain confirmation of the VAT implications and compliance rules for their own unique trading structures.

Programme

Trade in Goods with VAT Registered Businesses in other Member States

Conditions for zero rating sales
Checks that HMRC will make to detect fraud, and how to avoid problems
When EU sales are standard rated
How to account for VAT on EU purchases, and also avoid errors

Problem Areas

“Deemed” supplies and acquisitions of goods - liability to register for VAT in other member states
How to avoid registration by taking advantage of EU simplifications
Triangulation and chain transactions
Supply and install or assembly contracts
Process and repair contracts and simplifications
Special Schemes

Sales to private individuals (by mail order and internet)
Sales to non-VAT registered businesses
Cross border car sales and purchases
Fiscal warehousing
Second hand goods and sales at auction

Claiming Foreign VAT

The system and procedures for EU and non-EU VAT recovery


Compliance Workshop
In depth guidance/workshop on completion of UK

VAT returns
European Sales listings
Intrastat returns

All courses will be held in central London from 09.30 - 17.00