How to avoid import and export VAT issues after the Brexit transition period
Importing or exporting from EU countries? Once the Brexit transition period ends there will be VAT issues to deal with. Read this to learn more.
The UK has now exited the EU and is currently in a transition period until the 31st December 2020.
During this transition period, the trading relationship between the UK and EU will stay the same, while both parties seek to determine their future relationship.
In June the UK and EU will meet to assess the progress of talks to date. If the UK and EU do not ratify a deal on their future relationship by the end of December 2020 – and no extension to the transition period is agreed – then the UK will leave the EU without a trade a deal and trade between the two bodies will operate on WTO terms.
Sage will provide our customers with support and guidance once the outcome of the negotiations are clear and our future trading relationship between the UK and EU has been agreed.
Importing or exporting from EU countries? Once the Brexit transition period ends there will be VAT issues to deal with. Read this to learn more.
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Sage conducted a global survey with YouGov on the topic of Brexit.
Take a look at the highlights from our research and see how you stack up against regional peers.
Rest assured, we’ve been handling compliance, legislation, and global changes with businesses for over 30 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 once a decision has been made.
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.
