VAT for businesses if there’s no Brexit deal

Tamebay reports the UK government has published a series of papers that deal with what will happen in the event of a so-called Hard Brexit or ‘no-deal Brexit.’ That’s what will happen if no agreement is made between the UK and the EU and Britain ceases to be a European member state on 30th March 2019.

The impact of these changes will predominantly be felt by UK online shoppers buying goods from an EU country or by merchants selling to the UK who are located within the EU. Such merchants will have responsibilities to HMRC (the UK tax authority) if they want to continue selling to British customers.

VAT on incoming parcels

The vital section of relevance on the possible future arrangements can be found here and is called VAT on goods entering the UK as parcels sent by overseas businesses.

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