VATupdate
VAT

Changes to VAT for intra-EU chain transactions and zero-rated goods

HMRC have published guidance on the implementation of the EU ‘VAT Quick Fixes’ rules changes in the UK. This guidance note explains changes to the VAT treatment of intra-EU chain transactions and to the conditions for zero rating intra-EU supplies of goods.

The new rules are set out in part 4 of the Value Added Tax (Place of Supply of Goods) Order 2004 (SI 2004/3148) and take effect from 1 January 2020.

Source HMRC

See also communication by UK government on call-off stock arrangements