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NEIL WARREN explains how to deal on a VAT return with the purchase of goods or services from abroad
KEY POINTS
- The reverse charge means VAT is declared by the customer.
- The difference between services and goods from abroad.
- Some intra UK sales are affected.
- Unregistered businesses must take into account services bought abroad.
- Impact on the flat rate scheme.
‘Now listen ‘ere boy’ said my grandfather some 35 years ago proudly looking at his first telephone on the lounge table. ‘Do I need to worry about this “reverse charge” thing I heard your gran talking about last week?’
For older readers the ‘reverse charge’ used to be very common in the world of telephones (in the days of telephone boxes rather than mobile phones) and meant that the person making the call transferred the cost to the person receiving the call.
In the VAT world the ‘reverse...
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