Kevin Hall (Wright Hassall) and Punnit Vyas (Haines Watts) examine the new VAT rules for importing goods into GB from countries outside the UK and for online marketplaces.
Following the end of the Brexit transition period businesses and their advisers need to gain an understanding of HMRC’s changes for VAT. This article examines both the new VAT rules for importing goods into GB from countries outside the UK and also the new rules for online marketplaces.
These new rules are as set out in a government policy paper Changes to VAT treatment of overseas goods sold to customers from 1 January 2021 (see bit.ly/3mqoilY). The new rules apply only to imports into GB. Northern Ireland is set to become a unique VAT jurisdiction where developments should be monitored in case planning opportunities arise.
HMRC’s new policy draws on multiple pieces of legislation relating to goods moving between...
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Kevin Hall (Wright Hassall) and Punnit Vyas (Haines Watts) examine the new VAT rules for importing goods into GB from countries outside the UK and for online marketplaces.
Following the end of the Brexit transition period businesses and their advisers need to gain an understanding of HMRC’s changes for VAT. This article examines both the new VAT rules for importing goods into GB from countries outside the UK and also the new rules for online marketplaces.
These new rules are as set out in a government policy paper Changes to VAT treatment of overseas goods sold to customers from 1 January 2021 (see bit.ly/3mqoilY). The new rules apply only to imports into GB. Northern Ireland is set to become a unique VAT jurisdiction where developments should be monitored in case planning opportunities arise.
HMRC’s new policy draws on multiple pieces of legislation relating to goods moving between...
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