Post-Brexit VAT - All You Need to Know (PDF)
A Tips & Advice Special Report about...
In a nutshell
This Special Report will ensure your business is best placed to take advantage of the new VAT rules in post-Brexit Britain. If you trade with the EU there is a plethora of new rules and processes to follow, especially in relation to VAT and Customs.
In detail
To help you get to grips with the new rules we’ve published this Special Report. In plain English, it provides answers to crucial questions on subjects such as:
- VAT on import of goods:
- How do I account?
- What declarations do I need to make?
- Should I use a customs agent?
- Selling goods to EU customers:
- What are the key points?
- Do I need to register for VAT in EU countries?
- Selling goods customers in Northern Ireland: what are the rules?
- Buying/selling services to/from the EU: how does Brexit affect me?
- The mini one stop shop (MOSS)
- Reclaiming VAT incurred in EU countries
- Can I still reclaim VAT?
- If so, how do I do it and is it worthwhile?
The sheer volume of VAT guidance is daunting. But this Special Report, written by Neil Warren, one of the UK’s leading VAT experts, distils all the detail into bitesize advice and clear and reliable answers.
We've created this Tips & Advice Special Report especially for...
Everyone involved in running a business who wants to:
- Handle post-Brexit VAT in the most effective way
- Make sense of the new VAT rules and processes
Tax and VAT advisors, bookkeepers and accountants that want to:
- Get a clear overview of the new post-Brexit VAT rules
In this Tips & Advice Special Report you'll read about...
Importing goods
The highlights
Postponed accounting
Should you use a customs agent?
Intrastat reports
C79 certificates and postponed VAT statements - new Customs Declaration Service
Imports with a shipment value of £135 or less
Conclusion
Exporting goods
The highlights
Goods leaving the country - export declarations
What happens when goods arrive in your customer’s EU country?
Three-way deals - end of triangulation
Fewer reporting requirements
Moving goods to Northern Ireland
Retail export scheme abolished
Conclusion
Buying and selling services
The highlights
Selling services to EU businesses - what’s changed?
What about services you buy from EU suppliers?
Potential VAT savings - selling services to EU consumers (B2C)
Warning - be aware of the “use and enjoyment” rules
Conclusion
Other Brexit VAT issues
The highlights
MOSS changes if you sell electronic services to EU consumers
Is there an alternative to the non-union MOSS scheme?
Reclaiming VAT paid in EU countries
Is it worth claiming this VAT?
Conclusion
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