VATupdate

Share this post on

Major changes to trade with UK after 2021

  • VAT on imports of low value consignments will be collected at the point of sale (POS) rather than on import in the United Kingdom (UK).
  • In addition, online marketplaces (OMPs) will be made liable for VAT on the sales that they facilitate.
  • Special rules will apply for trade (in goods) between the European Union (EU) and the Northern Ireland (NI).

Source: Grant Thornton

Sponsors:

VAT news

Advertisements:

  • VATupdate.com
  • AXWAY - VATupdate Banner