Charishma Juddoo (Macfarlanes) reviews the government’s recent guidance.
VAT at its core derives from EU law. Inevitably specific changes would need to be made to the UK’s VAT rules in the event of a ‘no deal’ Brexit.
This article summarises the VAT implications that businesses will need to consider in light of the UK government’s technical guidance VAT for businesses if there’s no Brexit deal published on 23 August 2018 (see bit.ly/2Lk255E).
The UK government has confirmed that in a ‘no deal’ scenario the UK will continue to have a VAT system that will largely mirror existing procedures. Businesses in Northern Ireland face continued uncertainty as the UK government (at the time of writing) has stated that it is not in a position to offer any further information on this sensitive subject.
It is too early to tell whether any of the positions taken on...
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Charishma Juddoo (Macfarlanes) reviews the government’s recent guidance.
VAT at its core derives from EU law. Inevitably specific changes would need to be made to the UK’s VAT rules in the event of a ‘no deal’ Brexit.
This article summarises the VAT implications that businesses will need to consider in light of the UK government’s technical guidance VAT for businesses if there’s no Brexit deal published on 23 August 2018 (see bit.ly/2Lk255E).
The UK government has confirmed that in a ‘no deal’ scenario the UK will continue to have a VAT system that will largely mirror existing procedures. Businesses in Northern Ireland face continued uncertainty as the UK government (at the time of writing) has stated that it is not in a position to offer any further information on this sensitive subject.
It is too early to tell whether any of the positions taken on...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
