As of the 1st of January 2021, businesses will need to consider changes to VAT as supply of good or services to EU member states are likely to be treated as imports and exports, as the UK leaves Europe as part of Brexit.
Currently the exact changes are still to be finalised and as such a 6-month grace period is anticipated to support businesses with implementing these changes. In…
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Brexit and your ERP system – what do you need to know? “
Currently the exact changes are still to be finalised and as such a 6-month grace period is anticipated to support businesses with implementing these changes. I n the meantime, here is what the expectations are around the changes to VAT. VAT will no longer be applied using the EU reverse charge process.
Blog Syndicated with Incremental Group’s Permission
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