VAT compliance

VAT and GST Compliance Services

VAT is a complicated business at the most of times, is made more complicated by its various sub-categories. It apply to different industries and provide differing means of process. There are many different schemes that could have massive consequences for your business. We will advise you on the best global VAT compliance schemes for you, making sure that the system is always working to your advantage.

Our expertise task:

  • Providing cross border VAT advice.
  • VAT registration and filling within the EU or global are eligible to be zero-rated. 
  • VAT on goods imported from within or outside the EU can be reclaim.
  • Advising international businesses on transactions and VAT planning in their European commercial operations.
  • Supporting international businesses with their European VAT compliance check. 
  • Designing bespoke and engaging VAT training packages.

EORI Number

EORI number from an UK and EU country if your business will be making declarations or getting a customs decision in the UK and EU. Get this from the customs authority in the UK and EU country where you submit your first declaration or request your first decision.

VAT/GST Return

Once registered for VAT/GST in an EU country, Canada, USA Australia, your business will need to submit regular VAT/GST returns to the appropriate local tax authority. VAT/GST reporting rules vary between countries, so in order avoid fines and penalties being imposed for non-compliance. It is crucial that you are aware of the global VAT compliance for each country in which you trade.

VAT/GST Deregistration

You must cancel your registration if you’re no longer eligible to be VAT/GST registered. For example: 

You stop trading or making VAT/GST taxable supplies

Tax office will notify you when you have successfully de-registered for VAT/GST. 

Make sure you do this before updating your VAT/GST settings and submitting your final VAT/GST return. There is no way of undoing VAT de-registration in Tax office once your final VAT/GST return has been filed.

Fiscal Representation

In most EU member states and many countries worldwide, foreign traders are obligated to appoint a fiscal representative when registering for VAT. This is particularly relevant where goods exported by foreign traders are imported into foreign countries. Our specialist global VAT compliance teams collaborate to provide clients with the highest calibre of advice. We are big enough to have deep knowledge in a broad range of niche fields and small enough to offer a personal approach. Note that your fiscal representative will be jointly and severely liable for any VAT you will owe, so prepare for additional fees, which may include a bank guarantee.

VAT Recovery

If you are charged VAT on business activities in an EU country where you are not established, you may be entitled to have the VAT refunded by the authorities in that country. Some EU countries do not allow refunds for certain categories of expenditure (e.g., restaurant costs, entertainment activities, cars, fuel, etc.).

If your business is not established in the EU, and you are charged VAT on business activities in an EU country where you have not supplied goods or services, you may be entitled to have the VAT recovered by the authorities in that country. For example, a company established in Switzerland takes part in a conference in Belgium and is charged BE VAT on their hotel bill.

Intra-Community Supply of Goods

When goods are sold and delivered to another EU VAT registered business the reverse charge applies. To zero-rate the invoice, you must make sure that the customer’s VAT number is valid. The number can be verified on the European online VIES system.

When the Reverse Charge applies, the recipient of the goods makes the declaration of both their purchase (input VAT) and the supplier’s sale (output VAT) in their VAT return.  In this way, the two entries cancel each other on the VAT return.

Intra-Community Supply of Services (Reverse Charge)

According to EU VAT rules, several types of services are liable to reverse charge. As a main rule VAT liability in relation to B2B services is where the customer is located. To zero-rate the invoice, you must make sure that the customer’s VAT number is valid. The number can be verified on the European online VIES system.

When reverse charge applies, the recipient of the services makes the declaration of both their purchase (input VAT) and the supplier’s sale (output VAT) in their VAT return. In this way, the two entries cancel each other on the VAT return.

Triangulation

The EU simplification measures for triangulation transactions have been adopted in several EU countries. Triangulation occurs when there are three companies involved in successive transactions, with a single movement of goods, and they are VAT registered in three different EU member states.

Therefore, intra-community acquisitions made by a middleman are not liable to Germany VAT.  If Germany is the country of arrival, given that the middleman (party B in an ABC transaction) is not VAT registered in Germany and holds a VAT number in another member state and that goods are moved directly from party A to party C.