If your business imports and exports goods from Great Britain to the EU, it’s important to understand the VAT implications.
Knowing whether your exported goods can be zero-rated and how to import goods and recover VAT is a crucial part of trading internationally.
HMRC will assume that that if you import and export - you understand the rules relevant to your business. If you do not understand HMRC's requirements, it can result in assessments for underpaid tax, inability to recover import VAT and, in extremis, the seizure of goods or difficulties getting them across an international border.
Join for this half day virtual workshop, where we will cover:
• Exporting goods from Great Britain:
o When exports can be zero-rated
o How to avoid HMRC challenges
o Issues to consider when importing the exported goods into the EU.
• Importing goods into Great Britain:
o The process of importing goods
o Liability to import VAT
o How import VAT is paid and when it can be recovered.
• Northern Ireland:
o Movement of goods between NI and the EU and NI and Great Britain
o An update on the implementation of the Windsor Framework.
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