Hi,
My company is soon to start trading as an introducing and paying agent for non-EU businesses looking for customers in the UK. We expect turnover to be above the threshold for VAT registration, however the terms of our contract with the customer (who will be paying us) specify they will be paying import VAT (which will be based on the value of the product plus shipping to the EU, duty, insurance and our margin) direct to customs at the delivery port. Given that VAT will already have been paid on our services, how should we be reflecting this? Or will we need to split out our service charge from the import value so that the customer can be charged VAT firstly on the products they're importing and then secondly on the service (when invoiced by us).
Thanks
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