Brexit will add another layer of complexity to taxation issues for international trade, which is already complex and prone to change. Understanding the impact of Brexit on your company’s tax and VAT position is mission-critical.
In a no deal scenario the current rules for imports from non-EU countries will also apply to imports from the EU. If the UK leaves the EU without an agreement, the government will introduce postponed accounting for import VAT on goods brought into the UK.
The EU provides information on all relevant taxes from Company Tax, Individual Tax, Tariffs and VAT.