VAT rules for businesses in Northern Ireland and for businesses that trade with Northern Ireland will change from 1 January 2021. Most of the changes will arise in respect of trade in goods, as a result of the operation of the NI Protocol. However, there will also be some VAT changes in respect of trading in services as a result of the UK exiting the EU. The new VAT rules that will apply to trade in goods relating to Northern Ireland will be set out in new VAT legislation and further guidance from HMRC.
Source KPMG
Latest Posts in "United Kingdom"
- Tribunal Finds Blind-Eye Knowledge Equals Deliberate Inaccuracy in Option to Tax Case
- Sonder Appeal Postponed: Court Grants Stay Amid Funding and Precedent Uncertainty
- Tribunal Rules Nursery Hot Meal Supplies Are Standard-Rated Catering, Not Zero-Rated Food
- Access Cards for Disabled Users Qualify for VAT Zero-Rating, Tribunal Rules
- Costs Awarded for Unreasonable Conduct in VAT Hardship Proceedings: The Khan Partnership LLP v HMRC
