VAT
In this section:
- Introduction to VAT
- Registering for VAT
- Choosing the best VAT accounting scheme for your business
- VAT rates and charging and reclaiming VAT on sales and purchases
- Keeping records, invoicing and accounting for VAT
- VAT returns, payments and refunds
- VAT problems, mistakes, adjustments, inspections and investigations
- Changing your VAT registration details or deregistering from VAT
- VAT and international trade
- VAT for charities and other not-for-profit organisations
- VAT for consumers
- VAT for tax agents and advisers
VAT and international trade
Charging VAT on exports, despatches and movements of goods abroad When you sell, supply or move goods outside the UK you may have to charge VAT or may be able to zero-rate the supply
Charging VAT on supplies of services abroad How to work out your place of supply for services, and whether and how you must account for VAT on supplies of services abroad
Paying and reclaiming VAT on imports and purchases from abroad If you import, acquire or buy goods from outside the UK you may have to pay VAT but may be able to reclaim it or obtain relief (RGR)
Reduce the financial guarantees you provide for import duty and VAT Authorisation to use Simplified Import VAT Accounting (SIVA) reduces the financial guarantees you need to provide for import VAT
Speed up the delivery of your imported goods into the UK If you use Customs Freight Simplified Procedures (CFSP) your imported goods may be released more quickly at the frontier
Import VAT relief for goods supplied onward to another EU country If you import goods for onward despatch to another EU country, you may be able to claim relief from import VAT (OSR or IPR)
Import VAT relief for goods originally exported for processing Obtain import VAT relief (OPR) on goods exported from the EU to be processed, repaired, made up or reworked and then reimported
Foreign currency transactions and VAT When you invoice a customer in a foreign currency you must convert the VAT on the sale into sterling, using one of two methods
Verify an EU VAT number on the European Commission website Confirm that an EU VAT number you've been given is valid
Check EU country codes and VAT number formats Find country codes for VAT numbers in all EU countries
