Financial Skills: Tax: VAT: EU Trade in Goods including Intrastat

Scheduled Dates (sort by: location | date)

Course Overview

This course is for businesses which trade in goods with other member states of the EU, including via the internet. It gives in-depth, practical guidance on all the UK VAT legal, invoicing and reporting requirements of such trade, including completion of UKVAT returns, European Sales listings and Intrastat returns. The course also highlights the danger areas for unforeseen VAT registration or obligations in other member states arising from such trade.

Course Outline

TRADE IN GOODS WITH VAT REGISTERED BUSINESSES IN OTHER MEMBER STATES

• Zero rated dispatches
• Acquisition VAT -who should account for it and how

DANGER AREAS

• Supplies, deemed supplies and deemed acquisitions -liability to register for VAT in other member states
• Triangulation and chain transactions
• Supply and install contracts
• Process and repair contracts and simplifications

SPECIAL SCHEMES

• Distance selling (including mail order)
• Sales to non-registered legal persons
• Supplies of new private means of transport
• Fiscal warehousing
• Second hand and margin scheme goods
• Internet trade

UK RECORD KEEPING AND REPORTING REQUIREMENTS

• In depth guidance/workshop on completion of
• VAT returns
• European Sales listings
• Intrastat returns

Financial Skills: Tax: VAT: EU Trade in Goods including Intrastat / CM9679