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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Imports from EU: Reverse charge procedure
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
See study notes section 12.1 – the reverse charge system is only applicable to transactions inside the EU
