Exemption from VAT and Customs duties may apply to the return of goods which are shipped from the EU to the UK or vice versa but the conditions apply.
This leaflet looks at the VAT and Customs consequences of Brexit on returns of goods. It analyzes the effect on the businesses who ship their goods from the EU to the UK or vice versa. Overview is given about transitional measures applicable to returns of goods which have been transported from the EU to the UK or vice versa before the end of the Brexit transition period. This leaflet also looks at the relief measures available on goods which are transported from the EU to the UK or vice versa after the end of the Brexit transition period.
Source Grant Thornton
Latest Posts in "United Kingdom"
- Partial Success for Transwaste in VAT Kittel Appeal; Some Penalties and Input Tax Denials Upheld
- UK Ends VAT on Donated Goods, Boosting Charities by £72.5 Million Annually
- Calls to Abolish VAT for Youth Clubs and Community Centres to Aid Vital Repairs
- Court Ruling Redefines VAT Status for Further Education Colleges and Potentially Academies
- Tribunal Partly Allows Transwaste VAT Appeal; Upholds Penalties Where Fraud Knowledge Proven
