WCA eCommerce Plenary Session 4: EU VAT changes in crossborder tradeKaitlyn Mode
WCA eCommerce 1st Annual Conference Plenary Session 4
EU VAT changes in crossborder trade
Speaker: Mr. J. (Jayant) Rakhan
Partner and Global Leader - Indirect Tax Baker Tilly Berk NV
What every attorney needs to know about their clients doing business in EuropeGlobal Delaware
Monika Molnar of Treureva Ltd, Zurich, Switzerland, offers her expertise on Key issues for VAT in the EU and best practices for US lawyers and accountants who work with clients in there.
WCA eCommerce Plenary Session 4: EU VAT changes in crossborder tradeKaitlyn Mode
WCA eCommerce 1st Annual Conference Plenary Session 4
EU VAT changes in crossborder trade
Speaker: Mr. J. (Jayant) Rakhan
Partner and Global Leader - Indirect Tax Baker Tilly Berk NV
What every attorney needs to know about their clients doing business in EuropeGlobal Delaware
Monika Molnar of Treureva Ltd, Zurich, Switzerland, offers her expertise on Key issues for VAT in the EU and best practices for US lawyers and accountants who work with clients in there.
Customs and taxes, dealing with trade compliance in cross-border e-commerce Famke Schaap
International e-commerce: understanding the tax and duty implications of selling goods across borders. Gain insights about trade compliance tasks in e-commerce, even if a customs broker takes care. Slides prepared for UN/ITC Ecomconnect initiative (4 June 2020). https://ecomconnect.org/
Inline image 1
WORLD TRADE SERVICES
Advisory & Consultancy for Export & Import Incentives
WTS….is Emerging Export Import Consultancy Firm Promoted by Experienced & Expert Foreign Trade Consultant and Advocate.
WTS offer a prompt and hassle free Import Export Consultancy work like Import Export Documentation, Custom Clearance, Fema Cases, Freight Forwarding and DGFT Applications i.e. IEC/VKUY/ FMS/FPS/MIES/EPCG/DFIA /EXPORT HOUSE/100% EOU/SEZ/ APPROVAL/NORMS FIXATION and APEAL CASES.
WTS handle all comprehensive paper work with ATMOST CARE and provide Excellent/ valuable Services on Export Import Matters to our valued clients. We strive hard to ensure prompt execution of all necessary documents and formalities as per current EXIM POLICY. Through proper and professional approach we save our clients TIME and MONEY and Control Hidden Cost/Overhead Expenses.
We have Design SMS/Email System to update clients of their day to day paper works and DGFT Applications status.
Our Result Oriented Excellent EXIM Consultancy Services lead us a Emerging Export Import Consultancy Firm in India.
WTS is active Player in DUTY FREE IMPORT LICENCE Sale/Purchase having tie-up with leading Exporters - Importers for Buying and Selling DEPB/VKUY/FMS/FPS&DFIA Licences at Best Competitive Market Premium.
Inline image 3
OUR SERVICES
IEC – Import Export Code
RCMC - REGISTRATION & EXPORT COMPANY SET-UP
VKGUY License – Vishesh Krishi and Gram Upaj Yojana
FMS License - Focus Market Scheme
FPS License – Focus Product Scheme
MLFPS Licence - Market Linked Focus Products Scheme
MEIS Licence - Merchandise Export from India Scheme
EPCG License – Export Promotion Capital Goods
DFIA License – Duty Free Authorisation
ADVANCE AUTHORISATION SCHEME
EXPORT HOUSE CERTIFICATE
OTHER SERVICES
- AGRI. INFRASTRUCTURE INCENTIVE SCRIP.
- SEZ APPROVAL.
- ISO 9000/ISO 14000.
- D.S.C.: E-TOKEN INSTALLATION AND RENEWAL.
- CUSTOM CLEARANCE.
- FREIGHT FORWARDING & CHARTERING.
- IMPORT SOURCING.
- JOINT VENTURE.
CONTENTS:
1 Brexit – “cliff-edge” or smooth exit –
2 Revision of the Swiss VAT Law
3 Postal address on invoice is sufficient
4 eBay starts charging VAT
5 Proposals for reform of VAT system for intra-EU trade
All imported articles invite import taxes, even those having been previously exported (except special mention envisaged in the Tariff and Customs Code or another regulation). The entry form must be filled in at the Customs Office in the 30 days following the unloading of the last package, failing to do which amounts to an abandonment of the goods and ipso facto confiscation of the cargo.
International Indirect Tax Update - March 2016Alex Baulf
In this VAT Club "International Indirect Tax Update" presentation, Grant Thornton UK LLP's Alex Baulf, Henry-Cairns-Terry and Ben Price, present an update on VAT, GST and Customs from across the globe. This includes:
1. EU case law and policy update
2. Union Customs Code update
3. New regimes, rates and rules
Slides are from Grant Thornton UK LLP's VAT Club seminar event held in London on 9th March 2016.
WCA eCommerce Workshop 6: EU VAT regulations in crossborder trade Kaitlyn Mode
WCA eCommerce 1st Annual Conference - Workshop 6
Topic: EU VAT regulations in crossborder trade
Speaker: Mr. J. (Jayant) Rakhan
Partner and Global Leader - Indirect Tax Baker Tilly Berk NV
Customs and taxes, dealing with trade compliance in cross-border e-commerce Famke Schaap
International e-commerce: understanding the tax and duty implications of selling goods across borders. Gain insights about trade compliance tasks in e-commerce, even if a customs broker takes care. Slides prepared for UN/ITC Ecomconnect initiative (4 June 2020). https://ecomconnect.org/
Inline image 1
WORLD TRADE SERVICES
Advisory & Consultancy for Export & Import Incentives
WTS….is Emerging Export Import Consultancy Firm Promoted by Experienced & Expert Foreign Trade Consultant and Advocate.
WTS offer a prompt and hassle free Import Export Consultancy work like Import Export Documentation, Custom Clearance, Fema Cases, Freight Forwarding and DGFT Applications i.e. IEC/VKUY/ FMS/FPS/MIES/EPCG/DFIA /EXPORT HOUSE/100% EOU/SEZ/ APPROVAL/NORMS FIXATION and APEAL CASES.
WTS handle all comprehensive paper work with ATMOST CARE and provide Excellent/ valuable Services on Export Import Matters to our valued clients. We strive hard to ensure prompt execution of all necessary documents and formalities as per current EXIM POLICY. Through proper and professional approach we save our clients TIME and MONEY and Control Hidden Cost/Overhead Expenses.
We have Design SMS/Email System to update clients of their day to day paper works and DGFT Applications status.
Our Result Oriented Excellent EXIM Consultancy Services lead us a Emerging Export Import Consultancy Firm in India.
WTS is active Player in DUTY FREE IMPORT LICENCE Sale/Purchase having tie-up with leading Exporters - Importers for Buying and Selling DEPB/VKUY/FMS/FPS&DFIA Licences at Best Competitive Market Premium.
Inline image 3
OUR SERVICES
IEC – Import Export Code
RCMC - REGISTRATION & EXPORT COMPANY SET-UP
VKGUY License – Vishesh Krishi and Gram Upaj Yojana
FMS License - Focus Market Scheme
FPS License – Focus Product Scheme
MLFPS Licence - Market Linked Focus Products Scheme
MEIS Licence - Merchandise Export from India Scheme
EPCG License – Export Promotion Capital Goods
DFIA License – Duty Free Authorisation
ADVANCE AUTHORISATION SCHEME
EXPORT HOUSE CERTIFICATE
OTHER SERVICES
- AGRI. INFRASTRUCTURE INCENTIVE SCRIP.
- SEZ APPROVAL.
- ISO 9000/ISO 14000.
- D.S.C.: E-TOKEN INSTALLATION AND RENEWAL.
- CUSTOM CLEARANCE.
- FREIGHT FORWARDING & CHARTERING.
- IMPORT SOURCING.
- JOINT VENTURE.
CONTENTS:
1 Brexit – “cliff-edge” or smooth exit –
2 Revision of the Swiss VAT Law
3 Postal address on invoice is sufficient
4 eBay starts charging VAT
5 Proposals for reform of VAT system for intra-EU trade
All imported articles invite import taxes, even those having been previously exported (except special mention envisaged in the Tariff and Customs Code or another regulation). The entry form must be filled in at the Customs Office in the 30 days following the unloading of the last package, failing to do which amounts to an abandonment of the goods and ipso facto confiscation of the cargo.
International Indirect Tax Update - March 2016Alex Baulf
In this VAT Club "International Indirect Tax Update" presentation, Grant Thornton UK LLP's Alex Baulf, Henry-Cairns-Terry and Ben Price, present an update on VAT, GST and Customs from across the globe. This includes:
1. EU case law and policy update
2. Union Customs Code update
3. New regimes, rates and rules
Slides are from Grant Thornton UK LLP's VAT Club seminar event held in London on 9th March 2016.
WCA eCommerce Workshop 6: EU VAT regulations in crossborder trade Kaitlyn Mode
WCA eCommerce 1st Annual Conference - Workshop 6
Topic: EU VAT regulations in crossborder trade
Speaker: Mr. J. (Jayant) Rakhan
Partner and Global Leader - Indirect Tax Baker Tilly Berk NV
An overview of some of the VAT issues facing SMEs including partial exemption; golf clubs; mileage, subsistence and entertainment; and VAT accounting when trading with Europe.
Speaker Simon Murrison
With all of the uncertainty just now one thing you can count on is HMRC will still want tax paid.
Will I still have to manage my taxes in the same way post Brexit and how will we deal with importing and exporting goods?
Will VAT still be applicable as this is a European tax?
Find out from Simon how HMRC plan to deal with the changes and how it will link to Making Tax Digital.
These slides a brief overview of how Germany plans to implement the EU VAT Quick Fixes into German VAT law. The status quo of these slides is May 2019. The are based on an proposed law amendment. The proposal might be adjusted in the next few months. If so, the slides might become outdated.
Consequences of Non-Compliance with U.S. Import Laws and RegulationsArmstrong Teasdale
CLE Presentation: Nikolas Takacs, International attorney at Armstrong Teasdale
Foreign suppliers are an increasingly popular source for products sold in the United States. The complex framework of import laws and non-compliance associated with importing goods into the U.S. can result in significant penalties or unanticipated costs to companies. This seminar will identify key areas of concern and strategies for reducing the risk of non-compliance with U.S. import laws and regulations.
The choice of a lawyer is an important decision and should not be based solely on this presentation. All rights are reserved and content may not be reproduced, disseminated or transferred, in any form or by means, except with the prior written consent of Armstrong Teasdale.
The Impact of Brexit: Risks, Solutions and Opportunities for your BusinessMichelle Rudek
In this white paper, which Customs Connect presented at the recent Construction Equipment Association (CEA) Conference, we provide a comprehensive overview of the impact of Britain leaving the European Union and the key risks for UK Industry. We provide some tips on how to mitigate these risks and to prepare for the impact of Brexit as much as possible.
The Brexit transition period ends on 31 December 2020. If you want to keep servicing your customers, you need to prepare for the period post-Brexit. In this presentation, I highlight the possibilities from a Dutch perspective. Please contact me by sending me a message through my LinkedIn page should you need any advice or assistance.
International Indirect Tax survival in a global supply chain Alex Baulf
The profitability of a business is directly impacted by how its supply chain makes and delivers goods, as well as by how that supply chain is structured to minimize trade and tax expenses
Economic and technical developments drive change for businesses. As a business moves through its own life cycle ,the supply chain will also evolve, as procurement, manufacturing and distribution strategies change.
The pace of change in the international tax environment is accelerating, as governments and tax administrations get to grips with BEPS. These developments will require businesses to react on a strategic and organisational level.
Such changes invariably have an impact on VAT/GST and customs obligations. As the business reacts to changes in the external environment, it needs to revisit the design and operation of the supply chain at transaction level.
This thought leadership from Grant Thornton explores both the indirect tax supply chain life cycle and the challenges, risks and opportunities at every stage within the supply chain.
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The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Business Valuation Principles for EntrepreneursBen Wann
This insightful presentation is designed to equip entrepreneurs with the essential knowledge and tools needed to accurately value their businesses. Understanding business valuation is crucial for making informed decisions, whether you're seeking investment, planning to sell, or simply want to gauge your company's worth.
LA HUG - Video Testimonials with Chynna Morgan - June 2024Lital Barkan
Have you ever heard that user-generated content or video testimonials can take your brand to the next level? We will explore how you can effectively use video testimonials to leverage and boost your sales, content strategy, and increase your CRM data.🤯
We will dig deeper into:
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The key differences between the MDR and IVDR in the EUAllensmith572606
In the European Union (EU), two significant regulations have been introduced to enhance the safety and effectiveness of medical devices – the In Vitro Diagnostic Regulation (IVDR) and the Medical Device Regulation (MDR).
https://mavenprofserv.com/comparison-and-highlighting-of-the-key-differences-between-the-mdr-and-ivdr-in-the-eu/
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
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Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
3. • A world wide tax (almost)
• C130 countries (and growing)
• Compare US SALT taxes
4. VAT law
• European legislation – EU VAT Directive
• UK legislation – Value Added Tax Act
1994
• Secondary/Tertiary legislation
(Statutory instruments etc)
• Case Law
• HMRC Notices & Leaflets – generally
interpretive only – not law
5. Scope of the tax
• VAT shall be charged on:
- any supply of goods or services
- made in the United Kingdom
- where it is a taxable supply
- made by a taxable person
in the course of furtherance of any
business carried on by him
VAT Act 1994 Section 4(1)
6. … any supply of goods or services …
What is a supply? – no legislative
definition, but:
- “includes all forms of supply, but not
anything done otherwise for a
consideration”
7. … any supply of goods or services …
• Supply of goods = transfer of title (the
right to dispose of)
• Supply of services = anything which is
not a supply of goods .. done for a
consideration
8. … any supply of goods or services …
• Distinguishing between goods and
services is important:
- VAT liability
- Place of supply
- Time of supply
9. … made in the United Kingdom …
• UK VAT only applies to supplies made
in the UK:
- “place of supply” rules
10. … where it is a taxable supply…
• Taxable supplies:
- Standard rate – 20%
- Zero rate – 0% (e.g. books, new houses,
exports of goods)
- Reduced rate – 5% (e.g. domestic fuel &
power, residential conversions)
• Exempt supplies (e.g. finance, education,
some residential accommodation etc)
• Difference between zero rate and exempt
11. … where it is a taxable
supply…continued
• Other supplies/transactions:
- Outside the scope of VAT (e.g.
compensation, grants etc)
- Disregarded supplies, i.e. neither
goods or services (e.g. sales within
VAT group, TOGC)
- Deemed supplies (e.g. gifts,
“movements of own goods” etc)
12. … made by a taxable person….
• A person who makes or intends to
make taxable supplies and is (or is
liable to be) registered for VAT:
- Compulsory registration -
£81,000p.a.
- Voluntary registration
- Caution – thresholds differ between
EU countries
13. … in the course of business
• ‘Business’ not defined, but includes
‘any trade or vocation’
- Purely private transactions are
outside the scope of VAT
- EC law (VAT Directive) refers to
‘economic activity’
- Includes ‘not-for-profit’
activities & organisations
14. Key principles - recap
• VAT is a tax on business transactions
• Collected through the supply chain
• VAT systems worldwide – but the
detailed rules vary
• Not all transactions are subject to VAT
• Need to understand the transaction to
determine the VAT treatment
15. Time of supply
• Determines when to account for VAT
• Goods:
–Basic tax point is date when goods
are removed or made available for
customer use
• Services:
–Basic tax point is time when the
services are performed
16. Actual tax point
• Actual tax point overrides the basic tax
point
• Actual tax point created by:
–VAT invoice being issued or a payment
being received before the basic tax
point; or
–Invoice being issued up to 14 days after
the basic tax point. This does not
override a tax point created by an early
payment
17. Goods tax point?
• Goods delivered on 8 June 2013
• Payment received 31 May 2013
• Invoice issued 12 June 2013
• What is tax point?
• Answer - 31 May 2013
18. Services tax point?
• Services performed on 27 September
2012
• Payment received on 4 November
2012
• Invoice issued on 5 October 2012
• What is tax point?
• Answer - 5 October 2012
19. Place of supply of goods
–For goods being transported = where
the goods are when journey begins
–For goods not being transported =
where they are physically located
–For goods being supplied and installed =
place where the goods are being
installed
• Special rules for intra-EU movements
(dispatches, distance sales) and exports to
non-EU countries
20. Place of supply – Goods…..continued
• A UK supplier supplies goods to a US
customer and the goods are transported
to the US
• Place of supply = UK
• But – export rules may apply
21. Place of supply – Goods…..continued
• A UK supplier supplies goods to a US
customer but goods remain in the UK
• Place of supply = UK
• A UK supplier supplies goods to a US
customer. Goods are installed in Germany
• Place of supply = Germany
22. Place of supply of services
• Basic rule: “where the recipient has established his
business”
• If recipient has more than one place of business: place
of business which is “most closely connected” to the supply
• Exceptions to basic rule for:
– Land/immovable property e.g. property
management, surveying, legal services on
conveyancing
– Transport services
– Live artistic, sporting, cultural and exhibition
services e.g. pop concert
– Intellectual services e.g. engineering services
– Electronic services (will change in 2015)
23. Place of supply – Services…..continued
• A UK supplier supplies office rental property in
the UK to a US customer
• Place of supply where the property is located =
UK
• A UK supplier supplies office rental property in
the UK to German customer
• Place of supply = UK
• A UK supplier supplies office rental property in
Germany to a German customer
• Place of supply = Germany
26. European Community
• Members (28)
Austria Germany The Netherlands
Belgium Greece Poland
Croatia Hungary Portugal
Cyprus Ireland Slovak Republic
Czech Rep Italy Slovenia
Denmark Latvia Spain
Estonia Lithuania Sweden
Finland Luxembourg Romania
France Bulgaria
UK Malta
• Candidate countries
Macedonia Turkey
27. Imports
• Goods from outside the EU
• Import VAT
- same rate of VAT as if goods supplied in UK
- payable as a duty of Customs
- payable when duty is due (i.e when goods
cleared)
- taxable amount = value for Customs purposes
- deferment
- import VAT is reclaimable - Box 4
29. *
*Zero-rated (subject to certain conditions)
*Value of goods exported – include in Box 6 of VAT
return
*Need EORI number in order to export
*Usually: VAT number with
* Prefix GB
* Suffix 000
- Non-registered? - Apply to HMRC for EORI
https://www.gov.uk/economic-operator-
registration-and-identification-eori-scheme
31. *
Need to:
*Declare to HMRC by SAD (aka C88)
*Classify goods by Commodity Code
*https://www.gov.uk/trade-tariff
*Declare Customs Procedure Code (CPC)
*Declare what you are doing with the goods (eg
temp export)
32. *Declaration Unique Consignment Reference
*Part of audit trail
*Part 1 – Year
*Part 2 – Country
*Part 3 – EORI number
*Part 4 – Your ref
*Value (usually FOB)
33. *
*internationally recognised standard trade
terms
*Set out responsibility for:
*cost of transporting the goods, including
insurance, taxes and duties
*where the goods should be picked up from and
transported to
*who is responsible for the goods at each step
during transportation
35. *
“Customs Handling of Import and Export Freight”
Allows you to track the movement of your goods
through ports and airports, and complete customs
information electronically.
https://www.gov.uk/chief-trader-import-and-export-
processing-system
36. *
National Export System for export declarations
Enables export declarations to be made electronically
Use of NES is mandatory for exporters and you must
be authorised to use it.
https://www.gov.uk/export-declarations-and-the-
national-export-system-export-procedures#the-
national-export-system-and-how-to-use-it
37. *
Export Control System - The EU system for the
control of indirect exports, such as export
consignments that are declared for export at a
location in one Member State but exit the EU via
another Member State.
https://www.gov.uk/export-control-system-ecs-
supporting-guidance
38. *
Goods go directly from UK to non-EU country
Proof of export required to support zero-rating
39. *
Goods travel through other EU country or
countries before arriving in non-EU country
Additional VAT requirements
40. *
4-Stage Process:
1. Make declaration to inform HMRC goods are on
their way
2. Message sent to CHIEF when they arrive at port
3. Customs make any checks and clear the goods
(‘Permission to Progress’ – P2P)
4. Departure message*
*Crucial to proof zero-rating for VAT
42. * Acts in your name
* Acts on your behalf
* You remain responsible for
compliance
* You remain responsible for
Customs debts
* Agent acts in own name
* Agent acts on your behalf
* Joint responsibility for
compliance
* Joint responsibility for
Customs debts
*
45. Exports
• Sale/removal of goods outside the EC
• Zero rated providing
- Goods physically removed within 3mths
of 'time of supply
- Exporter obtains and keeps 'proof of
export'
- No delivery to UK address (ex. for
processing etc)
• Otherwise standard rated
46. Exports
• Official evidence (provided by HMRC)
- Goods Departed Message (GDM)
- Export declaration (SAD/C88)
• Commercial evidence
- Authenticated sea-waybills/ air-waybills
- Bills of landing
- Certificates of shipment
- CMR/ International consignment note
47. Proof of export
Continued
• Supplementary evidence
- orders, contracts, correspondence, etc
- consignment note, packing list, etc
- insurance/freight charges, evidence and
payment
• HMRC make the rules (Notice 703)
• Ex-works sales
48. Intra-EC trading - goods
Supplier:
Germany
Customer:
UK
Goods
Invoice
'Despatch' 'Acquisition'
Zero rate sale provided: 'Acquisition tax' (UK VAT):
- quote customer UK VAT No - A/c for VAT on UK return
- obtain 'proof of removal' - Reclaimable (subject to
normal rules)
49. Acquisitions
• Goods from elsewhere in the EC
• VAT registered customer responsible for
'acquisition tax' accounting
• Acquisition tax
50. Dispatches
• Sale/removal of goods to other EC member
states
• Zero rated provided:
- goods physically removed from UK
- goods 'acquired' by VAT registered customer
- supplier quotes customer VAT number
- supplier obtains and keeps 'evidence of
removal'
• Otherwise standard rated
• Movements of own goods
• VAT return: boxes 6 and 8
51. EC Sales List (ESL)
• Details of zero rated supplies of goods to
EC customers
- customers VAT number
- 'total value' of goods supplied
• Calendar quarters
• Sent automatically by HMRC (Box 8)
• Now required for services
52. Intrastat
• Statistics on trade in goods between EC
countries
• Boxes 8 and 9 of VAT return
• Supplementary declarations:
- Dispatches (£250k)
- Arrivals (£600k)
- Monthly
• Physical movements of goods
• Penalty regime
53. Overseas expenses
• EC 8th Directive - recovery of VAT
incurred elsewhere in EC
• Conditions - taxable person etc
• Claim - period, original invoices
• EC 13th Directive – recovery of EU VAT by
businesses not registered or established
in the EU
54. VAT on services: international
issuesVAT impact of services supplied into and out
of UK/EU
• Place of supply
• “Importation” of services into UK/EU
• May be subject to “reverse charge” VAT
55. Headline Rate
• SR VAT - 1/6th of gross value
- Impact on margin
• Compare other taxes
• Ignore it at your peril!
56. Complexity of Regime
• Old legislation – needs updating (e.g. food,
handicapped persons)
• New legislation – Torture!
• Pace of change – Continuous process (Budget
Day no longer “an event”)
• Volume of material
• Volume and range of case law (FTT – CJEU)
(28 countries)
57. Penalty Regime
- Criminal offences
- e.g. fraudulent evasion
- Up to 7 years in jail
- Civil penalty regime
- e.g. errors/misdeclarations
- 0% to 100% of the tax
58. Penalty Regime
- HMRC attitude
- Focus on “behaviour” not “tax loss”
- Proportionality
- Mitigation and suspension
59. HMRC
• Aims – plugging the tax gap
• Technical (and other) resources constrained
• Inconsistency
• Easy targets