[jck1628]

Hi Marie

I’ve read various articles (and VAT notices) about this but I am still confused about what I am supposed to do.

Our company has a wholly owned French subsidiary (incorporated in France) and a German Branch (not an incorporaed entity). We have agreed internally that certain central costs would be recharged by us to the subsidiary and the branch on a quarterly basis and the French subsidiary would also recharge some of their central costs to us and the German branch.

Should VAT be charged on these recharges or should I account for the VAT on a reverse charge basis for the recharges from France? Also, should I include the French and German VAT number on our invoices to them?

Kind regards,
John

[jck1628]

Dear Marie

My question is related to TOGC. In my case, the vendor has opted to tax the property which already has student accommodation but there are a couple of shops on the group floor. The student accommodation is let but the shops are vacant at the moment – should this transaction be a TOGC?

Many thanks!
John

[Author]

Posts