| Brexit - Beware of VAT 08:07 - Jan 13 with 1470 views | BlueRaider |
As we adjust to the new relationship with the EU, it is becoming apparent that one of the big dangers is VAT
Businesses - exporting : If you are exporting to the EU, and you ship on DDP terms, you will be liable for the import VAT of the EU country it goes into. If you don't have a VAT registration in that country it will be very difficult to get the money back. Try to renegotiate your terms with your customers.
Businesses - importing : You will get charged UK VAT on importing from the EU. Expect EU suppliers who ship to you on DDP terms to ask for their terms to change as they have the opposite problem. As long as you are UK VAT registered you will be able to reclaim the VAT incurred on import.
Consumers : If we bought something from an EU country before Brexit, we would have been charged the VAT of that EU country. This should not now happen, so if you do get charged VAT by an EU company you should query it. However, expect to have to pay UK VAT on the import.
I hope this helps avoid some pain ! |  |
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| Brexit - Beware of VAT on 08:33 - Jan 13 with 1395 views | factual_blue |
And what about ham sandwiches? |  |
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| Brexit - Beware of VAT on 08:49 - Jan 13 with 1345 views | Keno |
Its worth paying the extra VAT to Get behind your Border? |  |
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| Brexit - Beware of VAT on 10:25 - Jan 13 with 1219 views | Bangor31 |
| Brexit - Beware of VAT on 08:49 - Jan 13 by Keno |
Its worth paying the extra VAT to Get behind your Border? |
we have one of the lowest levels / on a par of VAT - Germany are 19% and Luxembourg is slightly less from memory. | | | |
| Brexit - Beware of VAT on 10:28 - Jan 13 with 1215 views | borge |
Does this include services or only products? | | | |
| Brexit - Beware of VAT on 10:34 - Jan 13 with 1194 views | Keno |
| Brexit - Beware of VAT on 10:25 - Jan 13 by Bangor31 |
we have one of the lowest levels / on a par of VAT - Germany are 19% and Luxembourg is slightly less from memory. |
Typical UK we never top the tables that matter | |
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| Brexit - Beware of VAT on 10:36 - Jan 13 with 1189 views | noggin |
I'm not actually sure EU based companies are obliged to remove VAT when selling to non EU based consumers. Of course, most will for larger amounts but for small amounts, it might not be worth it for them. That being the case, consumers would be liable for double VAT.
I remember ordering some motorcycle parts from a UK based company, several years ago. They charged me the VAT and when I queried it (Norway not being in the EU) they sent me evidence of them not being obliged to do so. Of course, I cancelled the order and never used that company again. [Post edited 13 Jan 2021 10:36]
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| Brexit - Beware of VAT on 10:37 - Jan 13 with 1178 views | noggin |
| Brexit - Beware of VAT on 10:25 - Jan 13 by Bangor31 |
we have one of the lowest levels / on a par of VAT - Germany are 19% and Luxembourg is slightly less from memory. |
You will also be charged by the shipping company for their roll in collecting VAT. | |
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| Brexit - Beware of VAT on 10:38 - Jan 13 with 1175 views | jeera |
| Brexit - Beware of VAT on 10:37 - Jan 13 by noggin |
You will also be charged by the shipping company for their roll in collecting VAT. |
Hope they're not ham rolls or there could be bother! |  |
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| Brexit - Beware of VAT on 10:56 - Jan 13 with 1141 views | factual_blue |
Should we get rid of VAT and bring in a Proper British Tax? Global Added Tax perhaps? | |
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| Brexit - Beware of VAT on 11:41 - Jan 13 with 1100 views | clive_baker |
VAT isn't my area of expertise, but worth noting there are further changes from 1st July, that'll take place across EU and UK I believe. |  |
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| Brexit - Beware of VAT on 11:53 - Jan 13 with 1080 views | Swansea_Blue |
It does seem at last something is going better than usual. Credit where it's due. [Post edited 13 Jan 2021 11:54]
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| Brexit - Beware of VAT on 12:00 - Jan 13 with 1065 views | jeera |
| Brexit - Beware of VAT on 11:53 - Jan 13 by Swansea_Blue |
It does seem at last something is going better than usual. Credit where it's due. [Post edited 13 Jan 2021 11:54]
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Nor does it in any way equate to this bizarre statement:
" an organisation that couldn't organise a pizz up in a brewery."
Clearly the poster has been living on Mars for the past year or more. | |
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| Brexit - Beware of VAT on 12:12 - Jan 13 with 1053 views | Keno |
Fair enough but I'll leave someone else to put the number of deaths one up. | |
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| Brexit - Beware of VAT on 15:00 - Jan 13 with 924 views | pennblue |
So, my company sells SAAS digital services.
Currently we have to charge VAT to our UK customers, but we are up against Oz etc companies who do not, they use the reverse charge mechanism.
So can European companies do reverse charging for digital services? No-one seems to be able to tell us the answer. | |
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