The Brexit transition period ended at 11pm on 31 December 2020. Consequently, VAT accounting will change for goods moving between the European Union and the United Kingdom.
An exception to these changes is Northern Ireland which, unlike the rest of the UK, will remain aligned with EU VAT rules for goods. The special status Northern Ireland will benefit from has been agreed upon by both the UK and EU under the Northern Ireland Protocol to avoid a hard border between Northern Ireland and the Republic of Ireland.
Source: simplyvat.com
Latest Posts in "United Kingdom"
- FINTUA Global VAT Guide for September 2025
- UK Supreme Court Rules VAT Applicable on Success Fees After Exit from VAT Group
- JPMorgan Chase Bank NA v HMRC: VAT Dispute on Intra-group Service Taxability, Appeal Dismissed
- UK Considers VAT Cut on Domestic Fuel: Targeted Relief or Broad Measure?
- Supreme Court Clarifies VAT Grouping and Time of Supply Rules in Prudential Assurance Case
