providing consultancy services
I am resident in Cyprus and providing consultancy services to businesses in the UK. I have not registered for VAT as I understand it is not compulsory as all my sales would be zero rated. Is this correct?
As from 1st January 2010 you will have to register for Vat in Cyprus and also register for Vies 11.
In order to ensure transparency within the EU and facilitate prevention and identification of fraud, by cross checking data from different Member States the VIES (vat information and exchange system) returns have to be submitted by persons providing certain services to other member states.