Greetings all,
Apologies if this has been covered elsewhere but I've looked through quite a few posts and couldn't find it. The limited company that I am working for is supplying my programming services to a US company. The main question I have is around VAT. What I've read suggests that I don't have to charge VAT (also, the limited company isn't registered for VAT, yet, but will be in the future) given that it is 'bespoke' software and it is outside the EC. Anyone know if there are implications on the other side of the Atlantic?
Also, I noticed that some folk recommended having a bank account in the US and just leaving the cash there (on the assumption my company doesn't need it right away). This appeals as a hedge against GBP. Is this as simple as my employer asking their bank for a business bank account in the US?
Any other suggestions much appreciated.
Apologies if this has been covered elsewhere but I've looked through quite a few posts and couldn't find it. The limited company that I am working for is supplying my programming services to a US company. The main question I have is around VAT. What I've read suggests that I don't have to charge VAT (also, the limited company isn't registered for VAT, yet, but will be in the future) given that it is 'bespoke' software and it is outside the EC. Anyone know if there are implications on the other side of the Atlantic?
Also, I noticed that some folk recommended having a bank account in the US and just leaving the cash there (on the assumption my company doesn't need it right away). This appeals as a hedge against GBP. Is this as simple as my employer asking their bank for a business bank account in the US?
Any other suggestions much appreciated.
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