Fiscal representation
GB exports are often handled on a DDP (delivered duty paid) basis, but what does that mean in practical terms?
It means that the GB exporter is responsible for the documentation, duty and taxes at destination. It means that you (as a GB exporter) may need VAT registration in every EU country that you supply.
There is a better way.
Having a fiscal representative in France (for example) means you can offer DDP with minimal hassle. How might that look?
- Good are shipped to France and cleared en-route
- No need for transit documents
- VAT is accounted for in France (no need to pay at importation)
- Onward supply to EU is nil VAT reverse charge (as pre EU exit)
- France is also nil VAT using domestic reverse charge
Too easy? It is! You just need a good partner. One you can trust to act on your behalf and manage your international VAT affairs.