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VAT treatment of supplies when exporting and receiving those supplies overseas is reliant on understanding the place of supply rules. Dougie Todd, Partner and Co-Head of VAT, explains the key aspects financial services businesses need to be aware of.

The globalisation of financial services necessitates a comprehensive understanding of VAT treatment on international supplies for UK-based businesses. This complexity is heightened when dealing with services to non-UK customers and costs incurred from non-UK suppliers.

For financial services businesses, understanding the VAT rules is crucial for maintaining compliance and optimising tax efficiency. This article aims to demystify the basics of VAT as it applies to financial services, guiding businesses through the complexities of VAT recovery, exemptions, and the nuanced calculations required for partial exemption and attribution of residual costs.

For financial services businesses, understanding the VAT rules is crucial for maintaining compliance and optimising tax efficiency. Dougie Todd, Partner and Co-Head of VAT, explains the basics of VAT for the Financial Services sector.

In recent times, has there been a more interesting, dynamic and challenging time to be a Small and Medium-sized enterprise (SME) in the UK?

Welcome to our quarterly roundup of Tax Disputes & Resolutions news, updates and more, from January to March 2024.

In the world of global and growing business, currency values ebb and flow, influenced by a variety of factors from unemployment rates to central bank decisions. For businesses engaged in international trade or those exposed to currency risk via supply, understanding these shifts is crucial. There is a scale of good and bad ways to handle currency risk, with doing nothing somewhere in the middle, and at the bottom – as seen in real contracts – passing any fluctuations onto your customer.