FAQ's Answered! EU VAT Rules & How They Apply

by Rapid Welding 28. January 2013 10:13

Your FAQ's Answered! EU VAT Rules & How They Apply

One of the regularly asked questions we receive at Rapid is, ‘what are the rules for European VAT and how does it work between borders?’

VAT may need to be charged on the supply or transfer of goods out of the UK to an individual or company in another country. Goods supplied to another EU country are called ‘dispatches’ or ‘removals’, unlike ‘exports’, which is the term referring to sales outside the EU.

 

Generally speaking, the following rules of purchase will apply:

·         If you are outside the UK but in another European Union Country, you will pay VAT if you are a private individual or a company without a registered VAT number.

·         If you are registered for VAT in another EU country, VAT will not be charged (or will be zero-rated) so long as the registration number is inserted into the appropriate box during the online checkout process.

·         You will not pay import duty or VAT on your purchase when it arrives in your country.

·         If you are outside of the UK and European Union you will not pay VAT.

·                       If you are in the UK you will pay VAT regardless of your status.

For our online customers, Rapid’s checkout process offers a number of prompts to make sure the correct information is obtained, including your billing country and VAT number, so that the VAT can be updated before payment is made.

Rapid terms and conditions are also accessible from this page.

For more detailed advice and guidance, visit: http://www.hmrc.gov.uk/vat/managing/international/exports/goods.htm

Or visit Rapid at:

 http://www.rapidwelding.com/pages/FAQ.aspx




 

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