Potential traps to avoid in your VAT return - part 2

In part two of our series on VAT compliance, The Tax Guys managing partner Jonathan Amponsah outlines five potential pitfalls to avoid in making VAT returns from overseas transactions to whether to claim VAT on business entertainment

Back in 1973 VAT was welcomed as a simple tax. Simple ideas have a way of getting complex over time and VAT is no exception.

Last week, (Tuesday, 4 April 2017) I shared seven common mistakes that businesses frequently make on their VAT returns. Here are five more errors that it is important to look out for and avoid.

Overseas transactions

Where there are overseas transactions, the rules can get a bit confusing and therefore the number of errors seem to rise. This is because there are four scenarios to consider, all of which will have different treatment on the VAT return.

Take the example of a UK VAT registered business buying services from abroad.

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