MyCo is VAT registered in the UK. My understanding is that if MyCo did work (provide a service) for a business client in, say, Belgium, then VAT would arise for MyCo in Belgium rather than UK. Not sure if this is right?
Gibraltar does not have VAT. Adding VAT at 20% would make my services very expensive for them, but I am not even sure if that is necessary. So what is the best way forward? Seems to me the easiest thing would be to set up MyCo2 and not register it for VAT, so not charge VAT (it's very unlikely that annual income levels would require VAT registration). Any advice form someone who has done it (e.g. worked for a Gibraltar client using YourCo (UK) Ltd)?
MyCo's accountants say "it's complicated"...
Gibraltar does not have VAT. Adding VAT at 20% would make my services very expensive for them, but I am not even sure if that is necessary. So what is the best way forward? Seems to me the easiest thing would be to set up MyCo2 and not register it for VAT, so not charge VAT (it's very unlikely that annual income levels would require VAT registration). Any advice form someone who has done it (e.g. worked for a Gibraltar client using YourCo (UK) Ltd)?
MyCo's accountants say "it's complicated"...
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