Deemed supply invoices

Deemed supply invoices

VAT Deemed supply invoices Lovat VAT Deemed supply invoices Lovat When online marketplaces act as deemed suppliers of goods a situation arises when it is necessary to issue invoices from a merchant to a marketplace. Let’s examine the invoicing rules for deemed supply...
Import to the UK and postpone import VAT

Import to the UK and postpone import VAT

VAT Import to the UK and postpone import VAT Lovat VAT Import to the UK and postpone import VAT Lovat When you want to import to the UK you don’t need to pay VAT at customs and then refund it. There is a possibility to account for import VAT in your VAT return. This...
NFT sales, summary of global tax treatment

NFT sales, summary of global tax treatment

VAT NFT sales, summary of global tax treatment Lovat VAT NFT sales, summary of global tax treatment Lovat This article is about NFTs, which are the most common today – when an NFT is a digital code that grants the owner access to a digital good. In this article, I...
Margin scheme for VAT on second-hand goods

Margin scheme for VAT on second-hand goods

VAT Margin scheme for VAT on second-hand goods Lovat VAT Margin scheme for VAT on second-hand goods Lovat The second-hand margin scheme is one of the VAT’s accounting schemes made available to help businesses in the UK, EU, and other countries. Find out the rules of...