Accounting For Import VAT On Your VAT Return
HMRC have recently updated their guidance on accounting for VAT on goods imported from outside the UK which, since Brexit, includes the European Union. Businesses registered for VAT in the UK can account for import VAT on their VAT Return for goods imported into: Great Britain (England, Scotland and Wales) from anywhere outside the UK […]
Prepping for Customs Declarations
Importers and exporters will need to complete customs declarations next year, regardless of whether the UK agrees a free trade deal with the EU. To complete declarations you will need to: Have a GB Economic Operator Registration and Identification number (EORI number) Decide if you will use a customs intermediary If you choose to complete […]
Brexit News: The Border with the European Union
The Government produced guidance in July 2020 outlining the implementation of Border controls in three stages for importing and exporting goods. This document outlines the processes for moving goods between GB and the EU from 1 January 2021 onwards, including processes to be introduced in April 2021 and July 2021. Import and export controls are […]