On 1 January 2021, the United Kingdom will leave the EU Single Market and Customs Union, and all EU policies. As a result, it will lose all the rights and benefits it had as an EU Member State, and will no longer be covered by the EU’s international agreements.
On 24 December 2020, a new “Trade and Cooperation Agreement” in principle was reached. Both parties will now advance with the signature and ratification of the Agreement, in line with their respective rules and procedures, with a view to its provisional application from 1 January 2021.
Does this change anything to the changes foreseen previously from a VAT perspective?
Source: globalvatcompliance.com
