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What US-Based Sellers Need to Know About VAT

May 07, 2018 · VAT is “Value Added Tax” and is a consumption tax that is paid by consumers in the UK and Europe. This is like sales tax that is charged by many states in the US, which you are expected to collect from buyers where you have a nexus in their state. You may be required to collect VAT from UK and EU customers,...…

Europe: How European VAT impacts US companies RSM Global

When US companies encounter European VAT When doing business in the territory of the EU a company will deal with VAT: when selling something, the company will have to charge the customer with VAT and when buying something the company will be charged with VAT. US companies often encounter European VAT when undertaking activities such as:…