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Cross-border Transactions

08 Jun

Cross-border Transactions

Guidance to get clearance on the rules for complex cross-border transactions.

Clarification from HMRC about how VAT law applies in a particular situation, and how to take part in an EU trial for complex cross-border VAT ruling requests.

How to get clearance
If you feel that HM Revenue and Customs’ (HMRC’s) guidance on VAT doesn’t explain how the law will apply in a particular situation, you can ask for a ‘clearance’.

A clearance is written confirmation of HMRC’s view of how tax law is applied to a specific transaction or event. HMRC will accept clearance applications from you, your tax agent or adviser. You’ll need to show that there’s uncertainty about how legislation will affect transactions you’re involved with. HMRC has guidance on how to obtain a clearance.

EU trial for VAT rulings
HMRC is participating in a trial of VAT ruling requests for complex cross-border situations until 30 September 2018.

For more informaton, please visit this website:

If you would like to get in touch with one of our team of accountants who can support you in structuring your business to work for you or for any information regarding this article, Please call us on 01708 777950