Avoid These Common Triangulation Mistakes in EU VAT Compliance for UK Businesses

• UK companies are involved in EU supply chains and use triangulation simplification for VAT purposes.
• VAT rules for cross-border goods are complex and have changed due to Brexit and EU VAT system updates.
• Complexity has led to UK companies failing to meet VAT obligations, risking fines and penalties.
• Common mistake: UK businesses incorrectly apply triangulation simplification.
• Post-Brexit, a UK VAT number is insufficient for triangulation; an EU VAT number is required.
• UK companies must register in at least one EU Member State to use simplification.
• Triangulation requires VAT registration in three different EU Member States.
• Only one transport of goods is allowed, arranged by the supplier or intermediary.

Source: essentiaglobalservices.com

Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.

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