Indirect Tax Considerations for International Trade

Indirect taxes are increasingly becoming the “go-to” fiscal measures for Governments.

In the last six months, we have seen India introducing a comprehensive dual Goods and Services Tax (GST) and VAT being introduced into the GCC states, with the UAE and Saudi Arabia leading the way from 1 January 2018.

Cross-border trade can throw up significant indirect tax issues for businesses.  If not planned for correctly, VAT and customs duty considerations can have an impact on the supply chain which can affect your profitability.

Anderson Anderson & Brown’s (AAB) specialist course in “Indirect Tax Considerations for International Tax” is positioned to support businesses to prepare, plan and save costs through the efficient management of indirect tax considerations in their overseas projects and businesses.

The course is designed for finance professionals as well as logistic personnel who are involved with supply chains with international dimensions.

The course will focus on the current UK indirect tax regime and will cover:

Principles of EU VAT
Key factors in relation to the place of supply rules for goods and services
Import and export procedures, including VAT and duty reliefs
Current reporting requirements

The course will provide a clear and comprehensive overview of the VAT obligations for EU transactions, along with VAT and customs duty implications for trade with third countries.  Using practical examples, the course will highlight the key areas of risk for businesses as well as those areas currently attracting the most HMRC attention.

In addition, as we are in the midst of Brexit negotiations, we can’t prejudge what the future landscape will look like.  However, we will, throughout the course, highlight the areas where withdrawal from the Single Market and the loss of EU VAT simplifications would have the greatest impact.  We will also touch on the implications for the new VAT regime in the Middle East.

AAB’s “Indirect Tax Considerations for International Tax” will be held on Thursday 30 November 2020 at our flagship offices at Prime Four Business Park, Kingswells.  More information on this specialist training course and how to book a place can be viewed here.