Commentary

V7.267 Exports and dispatches—planning points to consider

Part V7 Tax planning
Part V7 Tax planning | Commentary

V7.267 Exports and dispatches—planning points to consider

Part V7 Tax planning | Commentary

V7.267 Exports and dispatches—planning points to consider

The following planning points should be given consideration.

  1.  

    •     Remember that an export of goods outside the EU is always zero-rated, irrespective of the status of the customer. However, the priority is to ensure that proper export evidence is held to confirm that the goods have left the EU.

  2.  

    •     Goods supplied to an EU customer can be zero-rated as long as the customer is registered for VAT in his own country and provides his VAT registration number to the UK supplier. Again, proof of shipment is a priority issue.

  3.  

    •     The importance

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