European UnionUnited Kingdom BREXIT SERIES CHAPTER 2: Focus on Goods Transactions 22 February 2021100 views1 min read Source Ridvan Yigit, SNI See also BREXIT SERIES CHAPTER 1: Overview of VAT Consequences Brexit Self Assessment taxpayers will not be charged a 5% late payment penalty if they pay their tax or set up a payment plan by 1 April 2021 UpperTribunal – A company can not deduct VAT in case of incompliant invoices