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GLOSSARY

Exports definition

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What does Exports mean?

Exports in a nutshell 
Broadly speaking, the term ‘export’ in a VAT sense refers to goods which are removed from the UK to another country. 
 
Generally, goods removed from the UK to another country in the course or furtherance of a business are zero-rated (subject to certain conditions being met). Relief goods exported by a charity are deemed to be exported in the course or furtherance of a business, and therefore can be zero-rated too. 
 
What conditions must be met for exports to be zero-rated? 
 Zero-rating is dependent on meeting the following conditions: 
•     The goods must be exported within certain time limits (generally 3 months after the time of supply) 
•     Evidence of export must be obtained within certain time limits. Evidence may be official (evidence produced by customs systems), or commercial (e.g. an authenticated airway or seaway bill, or a certificate of shipment) 
 
What is the significance of direct and indirect exports? 
Exports may be direct (i.e. exported by the seller or their agent) or indirect (exported by the customer or their agent).  
 
In the

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