VAT news - VAT Tips

Welcome to our VAT blog area – we talk about the things that are important to our clients and the essential VAT information we think you need to know.
You can connect with us by sharing posts, adding comments or getting in touch to talk about VAT issues that are important to you.

Don’t forget to claim your foreign VAT in time

Gareth Bevan 11 August 2017 No comments

Do you incur overseas VAT in the course of your business activities?  Did you know that not all foreign VAT you pay needs to be suffered as a cost?  There are mechanisms in place which enable both EU and non-EU businesses to recover VAT on certain costs that are incurred in EU countries where they…

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EU VAT Rates

VAT Resource: EU VAT rates table for 2017

Gareth Bevan 4 January 2017 No comments

Your 2017 EU VAT rates table With lots of changes taking place with effect from 1st January 2017, we have put together a 2017 EU VAT rates table to keep you up to date with what is happening with VAT around the European Union. We hope you find this a useful resource! Country VAT Rate: Standard VAT…

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VAT-free Christmas

All I want for Christmas is a VAT-free designer handbag!

Gareth Bevan 16 December 2016 No comments

Well if you are a member of the US forces based in the UK then your wish could come true! For many UK businesses it is probably a little known fact that you can sell most goods and services costing £100 (inc VAT) or more to a member of the US forces or their family…

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London Business

Simplifying Cross-Border VAT Treatment

Gareth Bevan 24 November 2016 No comments

EU to Simplify and Harmonise the VAT treatment of Cross-Border Transactions The Economic and Financial Affairs Council (ECOFIN) is responsible for EU policy on taxation issues. At its November meeting, ECOFIN adopted conclusions on improvements to the VAT rules for cross-border transactions. These are in response to particular issues raised when the European Commission’s Action Plan…

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domestic reverse charge

New HMRC guidance on domestic reverse charge

Ryan Bevan 25 August 2016 No comments

VAT: domestic reverse charge for telecommunications services HMRC have issued new guidance on the domestic reverse charge for telecommunication services. The new guide is updated to apply to businesses supplying wholesale electronic communications providing speech and associated services. It explains how VAT invoices will be affected by the reverse charge.  

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vat reverse charge explained

Understanding the VAT reverse charge is essential for businesses buying and selling goods or services cross-border in the EU

Ryan Bevan 18 April 2016 No comments

VAT Reverse Charge Explained. Virtually all of our clients have an ‘international’ dimension to their business whether they are buying goods or services from other EU Member States or moving their own products to/from fulfilment centres around Europe. In doing so, this means at some point the VAT reverse charge or VAT ‘self-assessment’ comes in to…

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Actively manage your VAT position with leading European VAT specialists

Ryan Bevan 31 March 2016 No comments

  What we do  We are European VAT experts delivering VAT consultancy and VAT compliance services. As a firm we bring a unique proposition to the businesses we work with: we combine our senior partner-level Big Four experience with an unrivalled level of personal service and unmatched attention to detail. Our European VAT expertise includes,…

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5 things you need to know when importing into the UK

Ryan Bevan 23 March 2016 No comments

For non-EU businesses not used to operating within a VAT system, commencing trade with the EU can be a minefield. The EU VAT system is very different from a sales tax regime. In this article we will take a look at some important things to know when you start importing goods into the UK. Goods…

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EU VAT Rates

UK VAT in 60 seconds: A quick run-down of the key VAT facts

Ryan Bevan 10 March 2016 No comments

  Some fun facts about VAT in the UK   A few statistics about VAT in the UK: 15 million: Number of VAT registered businesses in the UK £99.6 billion: UK VAT receipts collected by HMRC last year 5: VAT revenue is 2.5 times higher than Corporate Income Tax revenue (£40bn) and 4 times higher…

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