Podcast
Questions and Answers
In a triangulation involving three VAT registered traders in different EU Member states, where are the goods delivered?
In a triangulation involving three VAT registered traders in different EU Member states, where are the goods delivered?
- To a non-VAT registered trader
- To a trader in the second Member state (MS2)
- To a trader in the first Member state (MS1)
- To a trader in a third Member state (MS3) (correct)
What is the primary purpose of a triangulation involving three VAT registered traders?
What is the primary purpose of a triangulation involving three VAT registered traders?
- To complicate trade processes
- To avoid VAT registration
- To increase import taxes
- To simplify cross-border trading within the EU (correct)
For a triangulation to occur, how many VAT registered traders are involved?
For a triangulation to occur, how many VAT registered traders are involved?
- Four
- One
- Three (correct)
- Two
What happens when a trader established in one EU Member state sells goods to a trader established in another EU Member state?
What happens when a trader established in one EU Member state sells goods to a trader established in another EU Member state?
Triangulations involves two supplies of goods between the three Value-Added Tax(VAT) registered trader in three different European Union (EU) Member states. For example, when a trader established in one Member State(MS1) sells goods to trader established in second member state(MS2).The goods ,however, are delivered to a trader in a third Member state(MS3).
Triangulations involves two supplies of goods between the three Value-Added Tax(VAT) registered trader in three different European Union (EU) Member states. For example, when a trader established in one Member State(MS1) sells goods to trader established in second member state(MS2).The goods ,however, are delivered to a trader in a third Member state(MS3).
For a triangulation to occur, how many VAT registered traders are involved?
For a triangulation to occur, how many VAT registered traders are involved?
What happens when a trader established in one EU Member state sells goods to a trader established in another EU Member state?
What happens when a trader established in one EU Member state sells goods to a trader established in another EU Member state?
In a triangulation involving three VAT registered traders in different EU Member states, where are the goods delivered?
In a triangulation involving three VAT registered traders in different EU Member states, where are the goods delivered?
What is the purpose of the Intra Community Acquisition (ICA) in the context of triangulation?
What is the purpose of the Intra Community Acquisition (ICA) in the context of triangulation?
How does company C account for the transaction with company B in its VAT return?
How does company C account for the transaction with company B in its VAT return?
What is the impact of company B quoting its VAT number in the context of triangulation?
What is the impact of company B quoting its VAT number in the context of triangulation?
What does it mean for company C to be deemed to have accounted for company B's VAT liability in member state 3?
What does it mean for company C to be deemed to have accounted for company B's VAT liability in member state 3?
