➡Cross border transactions  / reverse charge

Since the introduction of the VAT package in January 2010, there have been changes to where certain supplies of services are subject to VAT and the accounting for these services. These can lead to a better VAT position if correctly applied as they generally remove the need for UK business to incur overseas VAT or to charge UK VAT to overseas customers. However, it shifts the responsibility to the UK business to account these transactions through it’s UK records which can lead to confusion. AberVAT can assist to identify and provide step by step instructions in order to correctly record transactions affected by these new rules.