VAT & Triangulation

VAT & Triangulation

Virtual
International Trade
Date: Tuesday 30 November 2021
Time: 09:00 AM - 04:00 PM
Speaker: J. Mark Rowbotham
Contact: Julie Coulter

INTRODUCTION TO VAT & TRIANGULATION TRAINING COURSE

We all know how to deal with VAT, don’t we? Input and Output Tax, Zero-rated and Exempt. VAT Returns and record-keeping.

How do you deal with your exports and despatches to elsewhere in the EU? Is Ex Works good enough to zero-rate your exports? What happens if you have no documentation to prove that you exported a consignment out of the UK? Do you know what the Reverse Charge system is, or even how VAT is charged on services elsewhere in the EU? And what about Triangulation? Even better, how good are you at Triangulation and do you know how to deal with Intra-EU Transactions? And, for that matter, if you are an importer, are you aware of Postponed VAT Accounting and its benefits to UK Importers?

New VAT rules apply to e-Commerce trade with the EU as from 1 July 2021. These will affect UK exporters.

The VATman cometh. Are you prepared?

HMRC are targeting many companies to verify their VAT and export documentation and records, and are penalising those companies which cannot provide sufficient evidence of export. And at a UK VAT rate of 20%, that could seriously damage your wealth.

Now is the time to learn about how to ensure VAT compliance, especially in exports and imports, keep adequate records and know how to deal with all the issues mentioned above. Details of the course are below.


VAT (VALUE-ADDED TAX) & TRIANGULATION

What is VAT?
Types of VAT
VAT Registration
The EORI
The VAT Return
HMRC use of VAT Numbers
Suppliers
Customers
Invoices
VAT Reliefs
Zero-Rating Conditions
VAT on Consignment Stock
Import VAT & C79 Certificates
Postponed VAT Accounting (PVA)
The Reverse Charge Mechanism
Northern Ireland VAT
EU VAT
Dealing with VAT in other EU Countries
Triangulation
EU VAT Registration
EU VAT Numbers
Place of Supply and VAT on Services
2021 EU VAT Changes
Brexit Implications
VAT & SAGE Accounting-Commerce
Record-keeping
Responsibility of the Trader
HMRC scrutiny
The OECD E SAF-T
Pitfalls

Members
£150.00
Inc. VAT.
Book Now
Non Members
£195.00
Inc. VAT.
Book Now