The UK has now left the EU single market and a new era of customs and checks on goods moving between the UK and EU countries has arrived. It is vital that all businesses are proactive in ensuring they are set up to move from the “single market” EU approach to full customs procedures, documentation, duties and VAT.
VAT rules have changed as a result of the UK leaving the EU on 31 December 2020 and whether your business in involved buying or selling goods or services between the UK and the EU, it is important that you keep up to date with those changes.
We welcomed Steve McCrindle, VAT Partner at Haines Watts for a webinar which looked at these changes and the options available for traders to manage VAT arrangements and liabilities.
