UK companies trading in Spain need to understand the Spanish VAT system. This half-day course will help you to understand everything you need to know about the complex Spanish system of VAT, from how to make a VAT registration to applying for VAT refunds and the Supply of Immediate Information (SII).
This course will define the Spanish VAT territory and highlight the factors that need to be considered when dealing with Spanish companies and with the Spanish tax authorities. It explains when UK businesses need to register for VAT in Spain and guides you through the simplifications that are available to avoid registration. It will also examine the situations where a UK company would not charge its Spanish customers output VAT, while identifying those elements of Spanish input VAT that cannot be recovered.
The course will examine the VAT reporting obligations in the Spain, including the method of completing VAT returns, differences between established and non-established companies on VAT obligations, ESPL returns and Intrastat declarations. It will also explain the circumstances in which the reverse charge mechanism applies and highlight the differences of this regime with other EU countries.
