Brexit & VAT

Roll with the changes

There are significant changes to the treatment of products being shipped between the EU and the UK since Brexit. Some of those changes will affect the way you pay VAT on goods shipped into the country.

Thankfully, the experts at RBSCA have years of experience dealing with VAT and are up to date on the effects of Brexit on UK trade and tax prices.

UK businesses will no longer get the benefit of the current EU-wide VAT threshold of £8,818 for supplies of digital services to consumers. This means EU VAT will be due on all supplies of digital services to EU customers, no matter the sale value.

If you’re selling digital services from the EU to the UK, you will need to register to account for UK VAT on supplies to UK consumers.

Most B2B services to non-UK businesses prior to 1 January 2021 are outside the scope of UK VAT and this treatment will continue.

To reclaim VAT costs from sales and purchases, UK businesses will have to follow guidelines set out for non-EU businesses.

Instead of worrying yourself with the intricacies of post-Brexit VAT, get in touch with RBSCA today.