HMRC: HOW TRADING WITH THE EU AND VAT MIGHT WORK IF NO BREXIT DEAL

On 23 August, HMRC published 2 news releases on –

  • How trade with EU countries might change if the UK leaves the EU with ‘no deal’ on 29 March 2019; and
  • How VAT rules for UK businesses trading with EU countries would be affected if the UK leaves the EU with no deal.

https://www.gov.uk/government/publications/trading-with-the-eu-if-theres-no-brexit-deal

https://www.gov.uk/government/publications/vat-for-businesses-if-theres-no-brexit-deal

See also the Out-Law article re the advice –

VAT will not have to be paid at the border in the event of no-deal Brexit

https://www.out-law.com/en/articles/2018/august/border-vat-no-deal-brexit/

 

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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