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I have bought goods from a Chinese supplier and paid in

Resolved Question:

Hi. I have bought goods from a Chinese supplier and paid in dollars. The retailer I am selling to is picking up the goods FOB and paying in US$. Should we charge VAT on the invoice we issue to the retailer? Both our company and the retailer are based in the UK and goods will be sold in the UK
Submitted: 1 year ago.
Category: Tax
Expert:  Sam replied 1 year ago.
Hi
Thanks for your question
Yes you must charge VAT - what currency has been used to make the sale and the purchase has no bearing its all about place of supply and that remains as being the UK
Thanks
Sam
Sam, Accountant
Category: Tax
Satisfied Customers: 13775
Experience: 26 HMRC expertise, PAYE, Self Assessment ,Residency, Rental Income, Capital Gains, CIS ask for Sam Tax
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Customer: replied 1 year ago.

HI Sam, This contradicts the info here, so please can you just confirm that your advice is correct as the retailer will pay VAT on import: <a href="http://www.accountingweb.co.uk/anyanswers/question/how-do-we-deal-vat-within-fob-transaction" target="_blank" title="http://www.accountingweb.co.uk/anyanswers/question/how-do-we-deal-vat-within-fob-transaction
Cmd+Click to follow link" rel="nofollow">http://www.accountingweb.co.uk/anyanswers/question/how-do-we-deal-vat-within-fob-transaction

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