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Londonquery Charles Desmond

Londonquery Charles Desmond

Joined: 7/2/2024

  • Impact of supplying B2B services to US customers (outside scope of VAT) on VAT inputs?

    Tue, 02 Jul 2024 13:39:11 GMT – Impact of supplying B2B services to US customers (outside scope of VAT) on VAT inputs?
    We have a private limited company and approximately 80% of our B2B professional services are supplied overseas to US customers and believe these fall outside of the scope of VAT as the customers are based in the US. I just wanted to check whether this would cause any impact on our ability to reclaim 100% of VAT inputs incurred on valid UK business purchases (eg. data subscriptions, contractors etc.) needed to deliver the services to the US customers. In the past I have come across businesses suffering irrecoverable VAT (not sure why - perhaps too high a percentage of its UK turnover being exempt from VAT?) and wanted to check whether we are likely to suffer that issue as well.