BREXIT UPDATE: HMRC continues to process EU VAT post BREXIT until December 31 2020
Expected CROSS BORDER e-commerce by end of 2019
Countries in European Union – ALL have a VAT system
Countries with a VAT system
Registered and Operating?
Take advantage of our 14 Point Compliance check to assess if your business has any potential exposure or liabilities. We customize our 14 Point Compliance check for your enterprise to identify any processes that might have slipped through the cracks, and might result in costly penalties and interest.
Once registered, you will be required to submit periodic statutory returns. Returns have to be filed annually, quarterly or monthly.
Sales Tax charged on sales must be declared on each return. You are allowed to claim back (or deduct) any Sales Taxes paid out other than taxes on disallowed expenses.
Depending on your periodic transaction values, your business might need to pay any surplus owing to the tax authorities or request a refund of amounts due to you.
How Litvin Muir Can Help
With years of international VAT registration experience, our team can help eliminate the burden of completing registration applications. Our extensive knowledge of the registration requirements in different jurisdictions around the world will ensure that all of your filing is done accurately and efficiently, allowing your company to be eligible to receive optimal returns.
Our comprehensive evaluation and reporting ensures that our clients are fully aware of their assessment position and provides recommendations to minimize liabilities and errors going forward.