VAT Query for UK Business

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Rajan96
Rajan96 Registered Posts: 12 New contributor 🐸
edited June 18 in AAT member community
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.

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  • AndrewLeyland
    AndrewLeyland Registered Posts: 41 Regular contributor ⭐
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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 Leyland
  • Rajan96
    Rajan96 Registered Posts: 12 New contributor 🐸
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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.
  • douglasstroud
    douglasstroud Registered Posts: 310 Dedicated contributor 🦉
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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.

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