Video: Tax and VAT issues when trading with countries outside the EU
This clip introduces the rules and customs procedures which need to be followed when importing and exporting from the European Union (EU). It provides information relating to Import and Export declarations, the different tax duties which may be payable on importation into the EU or when the goods enter countries outside the EU. It explains that some goods may be subject to Export licensing controls when leaving the EU. It also discusses when you need to pay VAT (value added tax) and and when your customer does.