As noted in our earlier newsbyte further information is being published on the Brexit VAT processes that UK business will need to get familiar with as our departure from the EU approaches. August sees guidance being produced on a range of movements of goods into and out of Northern Ireland. In addition the European Commission has proposals out to introduce a special VAT number to identify businesses in Northern Ireland. This follows on from their wider approach policy paper regarding the Northern Ireland Protocol which was published in April 2020, so we are now getting to the specifics of how VAT will operated across Northern Ireland and how UK businesses who trade with or through NI will be affected.
Source: centurionvat.com
