How Will A No Deal Brexit Will Effect VAT Procedure

Below is our quick guide on how a no-deal Brexit could effect VAT procedure. Make sure you understand how this will effect your imports and exports from the United Kingdom as you will have to understand these changes if you want a streamlined import export procedure:

 

No Deal Brexit and VAT Procedure

Imports:

  • Postponed accounting for EU imports
  • Importers will account for import VAT on their existing VAT returns

 

Exports:

  • Retain evidence that goods have been exported to EU member states
  • Remember tat the customs declaration system will be paperless
  • Exported goods to EU will be zero rated on commercial invoice
  • EC sales list will no longer be used to declare exports to EU
  • Make sure your company’s export software is adjusted to reflect changes
  • Register for AEO for imports and exports.

 

 

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