From 2021, the UK, irrespective of the adoption of a free trade agreement (both in the “with an FTA” scenario and the “no FTA” scenario), will be a third country outside the EU VAT system. In the context of VAT, there are many differences between intra-Community supplies and acquisitions, and supplies and acquisitions from countries outside the EU. In the entry, we refer to one of the key issues in this context, i.e. the method of settling (paying) VAT in connection with the import of goods from the UK to the EU.
Source MDDP
