Cross-border VAT changes 2010
HMRC have issued important updates in advance of the changes in the place of supply of services rules which take effect from 1 January 2010.
This guidance is part of a package of measures being introduced to simplify and modernise the VAT system for cross-border trading and to counter fraud across the EU. The measures include:
- changes to the basic place of supply of services rules
- changes to the time of supply rules
- European Sales List (ESL) reporting for supplies of cross-border services
- a new electronic refund procedure for VAT incurred in other EU Member States.
If you have any queries on these changes please do get in touch.
Internet link: HMRC cross border changes