Until the end of 2020, there was a transition period in which the supply and purchase of goods to/from the United Kingdom were assessed according to current European regulations.
However, the United Kingdom (“UK”) withdrew from the EU (“EU”) on 1 January 2021 and is now considered a third country for tax purposes. From the New Year, the movement of goods to/from the UK constitutes import/export. Companies trading with companies established in the UK are now subject to customs supervision and the administration involved in customs documents.
Source asbgroup.eu
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