As noted in our earlier newsbyte further information is being published on the Brexit VAT processes that UK business will need to get familiar with as our departure from the EU approaches. August sees guidance being produced on a range of movements of goods into and out of Northern Ireland. In addition the European Commission has proposals out to introduce a special VAT number to identify businesses in Northern Ireland. This follows on from their wider approach policy paper regarding the Northern Ireland Protocol which was published in April 2020, so we are now getting to the specifics of how VAT will operated across Northern Ireland and how UK businesses who trade with or through NI will be affected.
Source: centurionvat.com
Latest Posts in "United Kingdom"
- Guernsey Seeks Companies to Support New GST Administration, Tender Deadline Approaches
- Navigating UK VAT: Key Considerations and Pitfalls in Exporting Goods
- HMRC’s New VAT Error Correction Rules: Stricter Penalties and Reporting Changes Explained
- Supreme Court Clarifies VAT Grouping and Time of Supply Rules in Prudential Assurance Case
- UK Supreme Court Confirms VAT on Intragroup Fees for Former VAT Group Members
