Brexit ― other considerations for the end of the implementation period

Produced by a Tolley Value Added Tax expert

Value Added Tax

Guidance

Brexit

Brexit ― other considerations for the end of the implementation period

Produced by a Tolley Value Added Tax expert

Value Added Tax

Guidance

Brexit

This guidance note considers a number of miscellaneous changes to VAT rules which arose at the end of the Brexit implementation period.

Specifically it looks at:

•
cross-border refunds
•
statistical submissions like ESLs and Intrastat
•
tax representatives
•
changes to VAT liability of supplies

For an overview of Brexit more broadly, see the Brexit ― overview guidance note.

For further in-depth commentary on the law, see De Voil Indirect Tax Service V1.301.

Impact on cross-border VAT refunds

Prior to the end of the implementation period, the UK was part of an EU-wide cross-border refund scheme which allowed businesses to use their HMRC portal in order to claims VAT refunds of VAT incurred in EU member states. This is no longer an option for EU VAT incurred from 1 January 2021 and the portal is no longer available for UK businesses from 1 April 2021.

Where the cross-border refund scheme is no longer available to UK businesses, they may nonetheless be able to claim

Continue reading the full document

To gain access to additional expert tax guidance, workflow tools, generative tax AI, and tax research, register for a free trial of Tolley+™

TAKE A FREE TRIAL NOW

Popular Articles

Employment Tax

Loans provided to employees

Loans provided to employeesEmployers sometimes provide their employees with loans, sometimes charging interest and often not, either as part of the reward package or to help the individual meet significant expenditure. For example, it is common to provide loans for the purchase of annual travel

14 Jul 2020 12:11 | Produced by Tolley Read more

Owner-Managed Businesses

Trade or hobby

Trade or hobbyInteraction of hobby farming rules and commercialityFarming has its own set of ‘hobby farming rules’, which historically have stated that a profit must be made every six years. This is known as ‘the five-year rule’, in that there can be five years of losses but there must be a profit

14 Jul 2020 13:50 | Produced by Tolley Read more

Personal Tax

Interest and penalties on late paid tax under self assessment

Interest and penalties on late paid tax under self assessmentInterestIf the capital gains tax, the balancing payment or payments on account of tax and / or Class 4 national insurance contributions (NIC) are paid late, HMRC will charge interest on the amount overdue from the original due date. The

14 Jul 2020 12:00 | Produced by Tolley Read more

Brexit ― other considerations for the end of the implementation period