Intra EU Trade

Many businesses trade with customers and suppliers in other EU Member States. Such transactions are subject to a complex framework of rules which must be complied with, and when problems arise the risks are greater than with domestic transactions. Liabilities may be created in several different territories from a single transaction if procedures are not considered carefully and in advance.

Trading with other EU Member States also brings increased reporting requirements, including EU sales lists. It is also possible that businesses will be required to register for VAT in a number of territories. These requirements expanded at the start of 2010, which will increase the risk of errors coming to the attention of the authorities.

Our team’s knowledge of the EU law allows us to advise on how transactions should be structured so as to minimise compliance costs and the risk of avoidable VAT liabilities.