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VAT overseas

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › VAT overseas

  • This topic has 1 reply, 2 voices, and was last updated 7 years ago by AvatarTax Tutor.
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  • November 24, 2018 at 8:48 pm #485855
    Avataralikhakar
    Participant
    • Topics: 186
    • Replies: 79
    • ☆☆☆

    If a trader in UK is exporting taxable supplies to non-VAT registered trader in EU, he will charge Output VAT from customer (i.e supply will not be zero rated)
    Now what about the importer in EU..Will he account for output VAT payable to his country’s govt ..if he does so, he is essentially paying Output VAT twice ..although recoveravle later from his country’s govt.
    How VAT will be accounted by EU importer ?
    Thanks

    November 28, 2018 at 4:53 pm #486313
    AvatarTax Tutor
    Member
    • Topics: 2
    • Replies: 3960
    • ☆☆☆☆☆

    Learn what is on page 159 section 12

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