On October 5, 2020, the UK tax authority added considerably to its Brexit guidance for businesses on the value-added tax rules that will apply to goods entering Great Britain from outside the UK.
New updates have been made to a policy paper titled “Changes to VAT treatment of overseas goods sold to customers from 1 January 2021”, which was first published in July and includes in-depth guidance for businesses. The new additions to the guidance concern the VAT treatment of transactions before January 1, 2021, who should register for UK VAT, and the new VAT obligations on marketplaces.
Source: tax-news.com
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