VATupdate

VAT in 2020 – post-Brexit implications

Once the Brexit Bill passes Royal Assent at the end of January, the UK will enter a transitional period ending on 31 December 2020 unless an extension is agreed. Existing intra-EU VAT rules will apply throughout the transitional period as the UK remains within the EU customs union – although these have already changed from last year.

 

Source Accountancy daily