Understanding Incoterms

International Commercial Terms – or Incoterms for short – are standard around the world, and were published by the International Chamber of Commerce (ICC) in order to prevent confusion during trades when setting out the obligations of buyers and sellers globally. A...
Intra-Community Supplies

Intra-Community Supplies

What are Intra-community Supplies Intra-community supply and acquisition are the names given when goods are sold and transported from one EU country to another, where both seller and buyer are VAT registered in different EU countries. This triggers two transaction, an...

Intra-Community Supply and Acquisition

What are Intra-community Supplies Intra-community supply and acquisition are the names given when goods are sold and transported from one EU country to another, where both seller and buyer are VAT registered in different EU countries. This triggers two transaction, an...
VAT in the Digital Age – Proposed Reforms

VAT in the Digital Age – Proposed Reforms

In December 2022 the European Commission (EC) published its proposals for VAT reforms under the ‘VAT in the Digital Age’ (ViDA) system. These proposals are due to come into place from January 2024, finally all being used in practice by 2028. Although these are yet to...