When do you pay VAT without paying VAT? And what if you charged that VAT to yourself in the first place?
If those sound like trick questions, well they sort of are. But it’s the good kind of trick. A useful fiction that will help free up liquidity when shipping your goods into Europe.
It all has to do with France’s new rules for import VAT – and how you can account for the VAT you owe (and remain fully VAT compliant!) by both paying for it and not paying for it.
Here’s what I mean.
Source: vatglobal.com
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