What Is Reverse Charge?
The buyer, not the seller, accounts for VAT on certain cross-border B2B supplies.
Detailed Explanation
Requires valid VAT IDs and correct invoice wording. Seller may issue a zero-VAT bill.
Example
A UK company self-accounts for VAT on EU consulting via reverse charge.
Why It Matters
Misapplication causes double tax or missed liability.
Related Resources
Related Tax Terms
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