Import VAT2018-12-11T15:58:39+00:00

Brexit Hub

Import VAT

Context

With the UK’s exit from the EU, in the event of no deal, the UK will introduce postponed accounting – the same system that is currently in place for intra-EU trade. This means that there will be no need to pay VAT at the border; the only change caused by Brexit on VAT will be on parcels valued up to and including £135.

Resources and information

HMRC has published an information pack to help businesses plan ahead for the contingency of a ‘no deal’ EU Exit.

The pack includes guidance on how VAT could be affected and actions to take now. Information is split by topic and audience, and flowcharts: https://www.gov.uk/government/publications/partnership-pack-preparing-for-a-no-deal-eu-exit

Future editions of this pack will include information from other government departments responsible for policies that will impact trade at the border.

UK Government technical notice on VAT for businesses if there’s no Brexit withdrawal agreement: http://www.gov.uk/government/publications/vat-for-businesses-if-theres-no-brexit-deal

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