Imports and exports
In this lesson, you'll learn how VAT applies to imports and exports—a key area for the TX paper. You'll discover why exports are zero rated, how the postponed accounting system works for imported goods, and when to use the reverse charge procedure for imported services.
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In this lesson
- 0:00 Imports and exports overview
- 0:04 UK exports VAT treatment
- 0:09 Imports of goods to the UK
- 0:25 Imports of services reverse charge
- 0:47 Worked example Gabriel's marketing services
About this lesson
We'll walk through the practical mechanics of each scenario and show you how to apply these rules to exam questions, so you can confidently handle cross-border VAT situations.
Duration: 3m
Transcript
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