Cross-Border VAT Changes 2010

HMRC have issued some important guidance regarding 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 are unsure how these changes affect you or your business please do get in touch.

    Internet link: HMRC cross border changes

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