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Imports from EU: Reverse charge procedure

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Imports from EU: Reverse charge procedure

  • This topic has 1 reply, 2 voices, and was last updated 5 years ago by Tax Tutor.
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  • May 19, 2020 at 4:45 am #571228
    Noah098
    Member
    • Topics: 935
    • Replies: 352
    • ☆☆☆☆☆

    Sir, I do not understand the rationale behind providing a ‘Reverse charge’ on imports from countries outside EU, when both our output VAT and import VAT set off against each other. I think am failing to understand some fundamental idea. It’ll be great if you can clear my doubt.

    thanks

    May 20, 2020 at 10:47 am #571306
    Tax Tutor
    Member
    • Topics: 2
    • Replies: 3965
    • ☆☆☆☆☆

    See study notes section 12.1 – the reverse charge system is only applicable to transactions inside the EU

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