With the Brexit transition period ending on 31 December 2020, the United Kingdom will no longer be part of the European Union (EU). Consequently, many tax rules between the EU and the UK will change or no longer apply, among others, the rules for VAT refunds. These changes affect EU-based businesses, businesses established outside the EU such as the US, Switzerland and China, and UK businesses.
VATbox prepared this Q&A for you, addressing the most frequently raised questions.
Source: VATbox
Latest Posts in "United Kingdom"
- Property TOGCs Under the Microscope: Navigating VAT Conditions and HMRC Expectations
- Fintua Sponsors Indirect Taxes Annual Conference 2025 in London (Nov 12)
- VAT Hike Would Cause Biggest Economic Damage, Leading Economists Warn Chancellor
- HMRC Clarifies VAT Treatment of Overage Payments on Land Sales
- VAT Error Correction: Amending Returns, Claiming Refunds, and Avoiding Penalties