Regardless of the outcome of the negotiations on a free trade agreement, customs formalities for the movement of goods between the EU and the UK will have to be complied with as of 1 January 2021. Although the UK will provide simplifications concerning importation for a transitional period of six months, these will only apply to companies established in the UK. In our current Customs Newsletter you can find out about the consequences of the UK’s new customs and import VAT regulations for companies established in the EU.
Source KMLZ
Latest Posts in "United Kingdom"
- Tribunal Rules 5% VAT Can Apply to Public EV Charging Under De Minimis Domestic Supply Limit
- Upper Tribunal Confirms VAT Due on Lycamobile Prepaid Bundles at Point of Sale, Dismissing Appeal
- Tribunal Rules Pre‑Registration VAT Recovery Based Only on Post‑Registration Use, Not Historic Use
- Recent HMRC Updates: VAT Export Rules, Reverse Charge for EV Charging, and New Customs Handbooks
- VAT Recovery on Fuel Costs: Methods, RFSC Application, and Mileage Claims Explained
