Postponed VAT accounting: How it works for businesses importing goods into the UK
Postponed VAT accounting means business admin and tax must be done differently when dealing with importing. Here's what you need to know.
The UK has left the EU and the Brexit transition period came to an end on the 31 December 2020.
There are actions that your business may need to take to reflect changes to key processes such as VAT and customs that resulted from the end of the transition period. Sage are here to support you in any way we can.
To get started and understand what this means, you can read our free guide to Brexit, or watch our webinar which outlines some of the key changes and what actions you may need to take.
As a UK business, Sage deeply understands the complexities that come with major compliance changes. As experts in compliance and legislation for almost 40 years, we are committed to providing our customers with a single place to access the very best information on Brexit, the impact this may have, and some of the key actions your business can consider.
In addition, we are adapting our products, guidance and services in preparation, so that your solution continues to enable you to meet your legal obligations in line with legislative changes across areas such as VAT and other taxes.
This hub brings together UK government resources, experts in Sage, product support and other key areas helping you navigate the end of the Brexit transition period and the new relationship between the UK and EU.
Stay compliant with post-Brexit regulation as it relates to your business. Learn about our small business solutions to help you navigate the new relationship between the UK and EU.
Postponed VAT accounting means business admin and tax must be done differently when dealing with importing. Here's what you need to know.
Learn about EORI numbers, which your business will need if you're importing and exporting goods within the EU.
Business After Brexit is a unique, free guide for Brexit readiness in businesses. Download it now and keep your business moving post-Brexit.
Find out what will happen to customs and VAT after the Brexit transition period ends and what your business needs to do now to prepare.
Discover how using Sage Accounting can help you manage your business processes with ease once the Brexit transition period ends.
Deferred Declarations and Simplified Declarations are a requirement when importing post-Brexit. Here's how to register for and implement them.
How does Brexit affect freight forwarding? Read this for answers and input from BIFA, a trade body that represents many UK freight forwarders.
Subscribe to our monthly Sage Advice newsletter where you can keep up to date with key business insights and tips on a range of topics, including Brexit.
Want to maximise efficiency and make sure you’re getting the best value from your Sage product? We’re right here with expert help and advice.
If your Sage product is not in the list below, there is no update needed and your product will continue to function as normal beyond 1 January 2021.
With the transition period ending on 31 December 2020, there are steps you can take now to get your business ready.
Guidance specifically aimed at helping small businesses prepare for the end of the transition period.
Research from Parliament's libraries and committees, and what it means for the UK.
Rest assured, we’ve been handling compliance, legislation, and global changes with businesses for almost 40 years, so our experience speaks for itself.
We’re working behind the scenes to ensure that your business software is covered and you have all the information and tools at your fingertips as Government decisions are taken and related guidance is updated.
We have robust governance procedures in place to manage preparations, comprised of many stakeholders including industry and government specialists to ensure that we are ready to help you handle the impact of Brexit on your business.
Sage legal disclaimer
The information contained on this website is for general guidance purposes only. It should not be taken for, nor is it intended as, legal advice. We would like to stress that there is no substitute for customers making their own detailed investigations or seeking their own professional advice if they are unsure about the implications of Brexit on their businesses.
While we have made every effort to ensure that the information provided on this website is correct and up to date, Sage makes no promises as to completeness or accuracy and the information is delivered on an “as is” basis without any warranties, express or implied. Sage will not accept any liability for errors or omissions and will not be liable for any damage (including, without limitation, damage for loss of business or loss of profits) arising in contract, tort or otherwise from the use of or reliance on this information or from any action or decisions taken as a result of using this information.
