About the course
We examine the legal requirements and procedures related to Value Added Tax (VAT) in the context of importation and exportation. This includes application of the principles in the context of import and export procedures; and identification and application of the correct VAT rates depending on the type of product and EU Member State.
What you learn
On successful completion of this topic, you will be able to independently handle standard and more complex situations involving VAT related to import and export procedures. This includes having a broad understanding and detailed knowledge of the following concepts and systems and being able to apply and use this knowledge in your daily activities as a Customs professional:
You will gain a detailed knowledge of the legislative provisions relating to VAT as it relates to the import and export of goods into and out of the EU.
The legislative basis of this topic is the current version of the “COUNCIL DIRECTIVE 2006/112/EC of 28 November 2006 on the common system of value added tax”, which we will refer to as the VAT Directive.
VAT Import and Export Procedures
You will gain a detailed understanding of and ability to apply the principles of VAT and VAT collection in the context of import and export procedures. You will also be able to identify and apply the correct VAT rates depending on the type of product and the EU Member State, and demonstrate an understanding of minimum thresholds in the various Member States.