A number of months have passed since the UK formally left the EU, so it is now a good time to review whether or not business preparations had been effective, or whether some of the changes had been unexpected.
Whilst generally businesses felt they had prepared as best they could, it had been difficult to manage the expectations of trading partners in the EU. The last-minute Trade Agreement presented a great deal of confusion, not helped by misleading media coverage claiming ‘tariff-free, quota-free trade’ between the UK and the EU. Most attendees also reported difficulties in finding clearance agents, as well as agents experiencing problems themselves with completion of the necessary declarations.
Source Crowe
Latest Posts in "United Kingdom"
- City of Portsmouth College v HMRC: VAT on Government Grants for Free Education Services
- Understanding VAT Obligations and Reliefs for Charities in the UK
- AI in Tax: Balancing Innovation and Risks in a Rapidly Evolving Landscape
- Guide to Claiming VAT and Import Duty Repayments: Eligibility, Process, and Requirements
- Deos Group.co.uk Ltd Wins Appeal Against HMRC on VAT Input Tax Disallowance and Penalty