Donald Reid Group

Brexit. Latest Guidance from HMRC

On Friday 8th March, HMRC provided updated guidance to VAT-registered businesses trading with the rest of the world, or the EU and the rest of the world. It explains actions to take to prepare for changes to customs and VAT procedures if there is no deal.

This latest letter covers:-

  • Getting a UK Economic Operator Registration and Identification (EORI) number
  • Transitional Simplified Procedures for customs
  • Customs facilitations
  • Moving goods within the EU using the Common Transit Convention
  • Further controls for exports
  • Changes to accounting for VAT
  • VAT registration checks
  • EU VAT refunds

For further information
Prepare your business for leaving the EU without a deal

 

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