HMRC are making available the option for NETPs to request VAT repayments by bank transfer instead of receiving a payable order.
Brexit Alert: New VAT rules for goods sold via online marketplaces
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.
Brexit Alert: Withdrawal of the VAT Retail Export Scheme and airside tax-free sales concession
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the UK government has announced that the VAT Retail Export Scheme and airside tax-free sales concession will be withdrawn in Great Britain.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.
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.
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.
The UK government has launched a new campaign to help businesses and individuals prepare for the end of the Brexit transition period.
Find out more about the actions businesses and individuals need to take to be ready for the UK’s new relationship with the EU from 1 January 2021.