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bigduckontax
bigduckontax, Accountant
Category: Tax
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Experience:  FCCA FCMA CGMA ACIS
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We have established a company in the UK to provide

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we have established a company in the UK to provide consultancy services to companies in non EU countries.The total turnover is likely to exceed GBP 80000.Also will these services be regarded as vatable.The UK /EU income is not expected to exceed GBP 80000.
Customer: replied 3 days ago.
Employees /Directors of the Company are not British or EU residents or nationals.

Hello, I am one of the experts on Just Answer and pleased to be able to help you with your question.

 

Sales outwith the EU are exports, zero rated for VAT. Your business will have to register for VAT and charge it on invoices, but at a rate of 0%. Input VAT may be reclaimed.

bigduckontax and 2 other Tax Specialists are ready to help you
Customer: replied 3 days ago.
Does the same also apply if the British Company via its employees /directors earns Directors fees abroad on behalf of the British Company

Yes, it does, there is no requirement for UK companies to have British Directors nor need they be resident there.

 

Thank you for your support.