8 May 2024| CATEGORIES: Brexit, Italy, VAT refund| TAGS: Brexit, Italy, VAT refund
The UK has concluded a reciprocal agreement with Italy on VAT refunds. UK businesses not established in Italy will now be able to claim refunds of VAT paid on goods and services in Italy relating to their business activities under the EU’s 13th Directive process. UK businesses will not require a local tax representative.
17 April 2024| CATEGORIES: Brexit, UK VAT legislation| TAGS: Brexit, HMRC policy, Removal of supremacy of EU law
HMRC have published Revenue and Customs Brief 4 (2024) which explains how VAT and excise legislation should be interpreted in light of the Retained EU Law (Revocation and Reform) Act 2023, and
the bespoke solution introduced for VAT and excise in Finance Act 2024. The Retained EU Law (Revocation and Reform) Act 2023 removes the supremacy of EU law in the UK.
13 September 2023| CATEGORIES: Brexit, GB to NI goods, Not at risk| TAGS: Brexit, Customs, Northern Ireland, Not at risk
HMRC have issued a reminder to businesses selling goods from Great Britain into Northern Ireland that the UK Internal Market Scheme (UKIMS) will replace the UK Trader Scheme (UKTS) from 30 September 2023. The UK Internal Market Scheme will continue to enable registered traders to move goods in line with existing ‘not at risk’ arrangements.
3 March 2023| CATEGORIES: Brexit, Northern Ireland Protocol, The Windsor Framework| TAGS: Brexit, Customs, Northern Ireland, VAT
The UK Government has reached an agreement in principle with the EU, aimed at addressing post-Brexit problems with the Northern Ireland Protocol. The Windsor Framework, replaces the old Northern Ireland Protocol. It delivers free-flowing trade in goods between Great Britain and Northern Ireland through a new green lane.
9 February 2023| CATEGORIES: Brexit, second-hand vehicles, VAT| TAGS: new VAT rules, Northern Ireland, second-hand vehicles
A new VAT-related payment scheme for businesses that buy second-hand cars in GB and move them to Northern Ireland or the European Union for resale is to be introduced. This puts Northern Ireland dealers in a comparable financial position to their counterparts in the rest of the UK. Under the terms of the Northern Ireland Protocol the VAT second-hand car margin scheme could no longer be used by dealers for these sales.
17 November 2021| CATEGORIES: Brexit, COVID-19, VAT refund| TAGS: Bank transfer, NETP, VAT refund
HMRC are making available the option for NETPs to request VAT repayments by bank transfer instead of receiving a payable order.
From 1 January 2021 there will be significant changes to the UK VAT treatment of goods sold to UK customers via an online marketplace including EU distance selling rules no longer applying to business to consumer (B2C) cross-border sales of goods between the EU and UK.
5 December 2020| CATEGORIES: Brexit, e-Commerce, VAT / GST ALERTS
Following public consultation the UK government has announced that the VAT Retail Export Scheme and airside tax-free sales concession will be withdrawn in Great Britain. Overseas visitors will no longer be able to obtain a VAT refund on items they buy in GB and take home with them in their luggage.
28 July 2020| CATEGORIES: Brexit, postponed import vat accounting| TAGS: Brexit, import VAT, PVA
New postponed import VAT accounting rules for imports into the UK from both EU and non-EU countries come into effect on 1 January 2021. This will generate a cash flow benefit for UK VAT registered businesses that import. Find out more about how to benefit from this change.
23 July 2020| CATEGORIES: Brexit| TAGS: Brexit, e-commerce, new VAT rules
New VAT rules will apply to sales of goods by overseas businesses to GB customers after the Brexit transition period ends. Find out more about the new UK VAT registration obligation.
