As we know, the UK will leave the EU on 1 January 2021. A lot of articles have, understandably, focussed on the movement of goods between the UK and the EU, however, there will be significant changes to suppliers and consumers of services. Some of these will be beneficial, and some, charitably, will be a royal pain.
In this article I have tried to summarise the most important changes. Compared to supplies of goods, the changes to services are more certain, so businesses can make preparations with more confidence.
Source: marcusward.co
Latest Posts in "United Kingdom"
- Proposed VAT Relief for Bare Land Sales to Boost Social Housing
- UK Tribunal Rules Tapi Carpets Not Liable for £13.5 Million VAT Assessment
- Temporary Electricity VAT Relief Could Save Charities and Non-Profits Significantly
- ICAEW Warns Direct Debit VAT Plan Could Harm Business Cash Flow
- Rolling VAT Registration Threshold: Understanding the 12-Month Test
