HMRC SETS OUT RULES FOR POSTPONED VAT ACCOUNTING IF NO-DEAL BREXIT

Accountancy Daily on 7 March reported that, with weeks until Brexit, HMRC has finally issued guidance for importers and exporters on how a postponed VAT accounting system would work in the event of no deal scenario to prevent businesses having to immediately pay UK VAT on imports from the EU.

https://www.accountancydaily.co/hmrc-sets-out-rules-postponed-vat-accounting-if-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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