I am waiting for my accountant to get back to me on this but I thought I would check on here as well. There is a very good chance I will be getting a role that will be based in the UK but for which I will need to bill the UK agency in Euro's as the end client is based in the Netherlands. My understanding from reading these forums and a brief conversation with the VAT man is that I will need to add VAT at 20% to the invoice based on a credible exchange rate which will need to be included on the invoice. I then need to decide if I want to have the money paid into a Euro or Sterling bank account. The only thing I have not figured out is what happens if the exchange rate changes a lot between the invoice being raised and paid.
With regards to tax my understanding is that as I am providing the service in the UK i would not be subject to any Netherlands's taxes. Would that be correct
With regards to tax my understanding is that as I am providing the service in the UK i would not be subject to any Netherlands's taxes. Would that be correct
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