Rule #1 in international VAT [VAT basics part 4]

The basic concept of VAT for businesses is easy to get your head around. It’s often when goods and services cross borders things become difficult.

The main principle of international VAT is that domestic rules apply in the country where the turnover was produced.

In the EU, several steps forward have been made to harmonise regulations. The VAT action plan, the latest initiative from the commission, was announced in 2016.

For buyers and sellers across borders, international VAT numbers, VATINs, are required.

Click here to check your suppliers international VAT.