Business News

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

Bookmark and Share

To find out more about how working with our leading firm of accountants in Stratford-upon-Avon and Warwickshire can help you, please contact us.