As an online retailer, it is critical that you understand the VAT obligations and liabilities of selling to customers in the EU and beyond.
If your business requires a VAT or GST registration anywhere in the world, VAT Global offers a complete service.
VATGlobal's centralised solution is led by a team of compliance specialists who will manage all periodic statutory declarations on your behalf.
Our experienced team of VAT consultants provides the expertise your business needs to deal with international VAT issues.
Why would my company need to register for VAT and what are the important considerations?
Once registered, you will need to be aware of the various returns that need to be filed and how all transactions should be declared.
Detailed explanations of various VAT issues, including VAT treatment, structuring and special schemes.
There are certain industries and regions that will have special VAT rules or requirements.
Once registered for VAT, you will be obligated to make periodic declarations of all transactions. These VAT returns are usually due every month or quarter.
Businesses making taxable supplies must charge VAT at the applicable rate. VAT incurred for taxable activity is recoverable subject to EU and local legislation and is offset against output tax.
If a business makes sales to businesses VAT registered elsewhere in the EU, filing of an EC sales list will be necessary.
If a business supplies goods cross-border in the EU, over a certain value, additional filings will be required to be submitted to report these.
If you are involved in the movement of goods between EU countries - whether it's for commercial purposes or simply your own stock - there are several VAT compliance issues to consider.
Certain supplies of goods and services are subject to a mechanism, whereby the customer, rather than the seller is responsible for declaring the applicable VAT. This varies between countries.