Avoid paying import UK VAT on goods arriving from the EU or rest of world The UK introduced its new deferred import VAT regime, Postponed VAT Accounting (PVA) following its departure from the EU VAT regime from 1 January 2021. The relief will enable importers
End to deferred customs declarations in place since Jan 2021; full goods checks at UK borders; proof of Rules of Origin for preferential tariffs Since 1 January 2022, full border controls and customs declarations are required on goods entering the UK. This is based on
On 11 March, Michael Gove, minister for the Cabinet Office, announced a further six-month extension on import declarations completions and border checks until 1 January 2022. This acknowledges the struggles of UK and EU businesses to come to terms with the new, post-Brexit customs paperwork
Belgium has confirmed that it will waive the obligation for UK businesses to appoint a local fiscal representative following the UK’s exit from the European Union. Fiscal Representatives, a type of VAT agent for foreign companies. are jointly and separably liable for the correct VAT
Following the end of the Brexit transition period from 1 January 2021, the UK has left the EU Customs Union. This means goods movements are subject to preferential tariffs subject to the conditions of the Trade and Cooperation Agreement terms signed on 24 December 2020.
When the UK’s Brexit transition period ends on 31 December 2020, goods moving between the UK and EU will be subject to import VAT, customs declarations, potential tariffs and regulatory checks. It is possible to apply to HMRC for a Duty Deferment account which can postpone the payment