VAT - International Services

Whether to charge VAT to an overseas customer for services supplied depends on the VAT place of supply rules. There is not one rule, there are many diferent rules which differ according to exactly what service has been supplied , to whom, by whom, and where. The 'VAT Package' changes this year will benefii some, but increase the tax burden on others. Even with such fundamental changes, the complexities of determining whether services can be zero-rated, outside the scope of VAT, with or without 'credit', standard rated or exempt remain. Obligations for a supplier of some services to be registered for VAT in another VAT juristdiction also remain. Almost all services received from outside the UK now give rise to the reverse charge which must be accounted for correctly.

This course explores all of the detailed and complex VAT rules for international services, the impact of 'importing' services from outside the UK and new compliance rules. It is intended for anyone responsible for applying the VAT rules for international services correctly. The course features numerous 'real-life' examples and case studies, and points up important different interpretations of the rules in other member states.

A sound grasp of the basic rules of VAT is assumed.

Programme

The new general rule for B2B and B2C services

The importance of 'belonging'
Business and fixed establishments
Relevant business person
Sales to EU and non-EU customers

How to Treat:
Services related to land
Cultural, artistic, sporting, scientific, educational and exhibition services
Valuation and work on goods
Hire of means of transport - short and long term
Transport and ancillary services
Services Affected by the 'Use and Enjoyment' Rules

Telecommunications
Special registration rules for B2C supplies
Digitised services
Cross- border leasing
Services Supplied Where Received

Royalties, supplies of staff, hire of goods, advertising
Legal, accounting, consultancy, data processing and telecommunications services
Financial services
Management charges and the 'old' basic rule services
Importing Services- The Reverse Charge

How the import of a new General Rule service affects the business
VAT Return reporting requirements
When to account for VAT - new tax point rules
VAT registration for previously exempt businesses
The anti-avoidance rule for groups containing a non-UK company
More 2010 changes

Recovering foreign VAT online
European sales lists

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