Hello, I am Keith, one of the experts on Just Answer, and happy to help you with your question.
Hello Daviud, I am Keith, one of the experts on Just Answer, and happy to be able to help you with your question.
This would constitute a standard rated supply, ie VAT charged at standard rate, 20%. However, if you have your Dublin promoter's VAT or equivalent number then the reverse charge applies. With the reverse charge you still charge output VAT, which the other side reclaims a an input in the normal manner, but at the same time you place a similar amount of VAT as an input in your books thus effectively making it zero rated as far as you are concerned. Don't blame me, I didn't invent this system! You will then have to submit periodic EU sales lists to record reverse charge transactions for statistical purposes.
I do hope that you have found my reply of assistance.
Yes, reverse charge is a bit of a pest!
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Thank you for your support, David.