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.
Working on clarity and certainty for our customers, whatever the outcome.
The UK has 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. 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 has project teams who are focusing on preparing for implementations influenced by Brexit, which is endorsed by the Sage Board.
In addition, Sage will maintain our robust governance procedures to manage preparations during this transition period. These include the Sage Brexit Forum and the Sage Brexit Programme, comprised of many key stakeholders, to ensure all areas of our business and products are ready while both parties seek to determine their future relationship.
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.
Discover what a customs broker is and find out how and why you would need to use one when dealing with international trade.
How does Brexit affect freight forwarding? Read this for answers and input from BIFA, a trade body that represents many of the UK's freight forwarders.
Need help with no-deal Brexit planning? Preparing for Brexit is a white paper that will help your business get preparations moving.
A no-deal Brexit might be coming soon. Here's what businesses need to know in areas such as customs, VAT, supply chain, work, finance, money and more.
How will Brexit affect manufacturing? Read this for insights on the implications and find out why investing in people and new tech will help your business.
How will Brexit affect businesses? Read this article for 12 answers to questions your company may have as the UK prepares to leave the European Union.
Learn about acquiring and using an EORI number, which your business will need post-Brexit if you want to import and export goods within the EU.
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 legal 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.