Brexit Byte #5 – Triangulation stops, so register in EU
December 12, 2019 Uncategorized Comments Off on Brexit Byte #5 – Triangulation stops, so register in EU

Goods moved from a supplier in one EU country to a customer in another by a business registered for VAT in the UK, are currently VAT-free under a process known as triangulation.

After Brexit, UK businesses can no longer expect to benefit from this EU simplification and instead can expect to be required to register for VAT within the EU. If so, the business may need to report this in that country’s local VAT Return.

euVAT Online provides an automated VAT Return preparation service across the EU – click here for details: https://www.euvat.org/vat-returns/

#brexitplanning #brexitready #vat #eu

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Brexit Byte #3 – The UK will be outside the EU club
November 28, 2019 Uncategorized Comments Off on Brexit Byte #3 – The UK will be outside the EU club

The UK will be outside the “club” and hence become a ‘third country’ for EU VAT purposes. This means that supplies from UK suppliers to customers established in the EU will follow the current rules for supplies from third countries so far as VAT in the EU is concerned. However, the place of supply of VAT may shift to where the supply is “used and enjoyed” rather than where your customer is established depending on rules in the countries concerned. For supplies of services from EU suppliers to the UK is likely to follow the rules currently in place for supplies to Norway and Switzerland.

Do pass this tip onto anybody else that might have incurred VAT in the UK.

#brexitplanning #brexitready #vat #eu

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