VAT Query for UK Business
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Hi everyone!
I hope you all are doing well! I wanted to learn more about how VAT works for a UK business trading internationally i.e. trading with EU and Non-EU Countries.
Basically, I just want to know what is the correct treatment when purchase/sales of goods from the Europe and purchase/sales of goods from Non-EU countries. I am already doing research and would like to know from experienced Accountants working in the UK with international businesses.
Thanks in advance.
I hope you all are doing well! I wanted to learn more about how VAT works for a UK business trading internationally i.e. trading with EU and Non-EU Countries.
Basically, I just want to know what is the correct treatment when purchase/sales of goods from the Europe and purchase/sales of goods from Non-EU countries. I am already doing research and would like to know from experienced Accountants working in the UK with international businesses.
Thanks in advance.
0
Comments
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There is a lot of information to find out but a good start would be looking over the course material for Tax Processes for Businesses which is a level 3 exam but I would recommend employing a licensed accountant.RegardsCiaran Andrew Leyland0
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Thanks Andrew. Appreciate your response on this thread. I have got my upcoming ACCA Tax Exam. I am pretty sure it will help me learn tax a lot more.0
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Have a read through all the VAT notices on the HMRC site, that will be the best source of information you can get.0
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