My company supplies a consultancy service to a company (Employment Agency) registered in the Republic of Ireland.
I supply my service in the UK.
My company is a UK VAT registered Ltd company.
My supply falls within:
Notice 741 – section 13 and 13.5 (Consultancy service)
Therefore from Section 12 which will detail my company's supply as outside scope of UK VAT as my customer is ROI.
Okay, so I don't think I can charge VAT, correct?
Now, my company is presently under the VAT Flat Rate Scheme.
Will I have to pay VAT on this supply, even though I can't charge VAT?
Put another way: Will the value of this supply be included in the figure to which I apply the flat rate percentage (13%).
If this is the case my company will be out of pocket by about £1500.
Is there anything I can do to avoid this?
Conan
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