VAT - Imports and Exports of Goods

Course outline:

This course covers the VAT implications of buying and selling goods and services across borders and addresses common errors and missed opportunities in VAT accounting in this area. Reporting requirements are also addressed. 

Content will include:

• Imports
• The rules for recovering VAT on imports
• Special rules for low-value imports from overseas suppliers
• Exports
• Time limits and evidence for zero rating of exports
• Indirect exports and the risks involved
• Fulfilment houses
• The place of supply
• Potential registration requirements overseas
• Trade within the EU including mail order sales and simplification schemes