Changes to the VAT Treatment of Arbitration Services in the EU (as of January 1st 2010)
Article from: TDM 1 (2010), in Taxation
New EU VAT law, implemented on 1 January 2010, significantly changed the VAT treatment applied to services provided by EU established arbitrators'. From 1 January 2010, arbitration services, along with most other services, when supplied by a person established in the EU to a business recipient established in another country, will no longer be subject to a VAT charge in the country in which the supplier is established. This means that EU based arbitrators will no longer be required to charge VAT in these instances. Instead, the VAT due will be self-assessed by the recipient. For ...