The following Value Added Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:
This guidance note looks at a number of VAT issues associated with the special VAT status of Northern Ireland under the Brexit Withdrawal Agreement, including:
XI VAT numbers
claiming EU VAT refunds
obligations for online marketplaces
For an overview of Northern Ireland generally, see the Northern Ireland ― overview guidance note.
Further in-depth commentary on the law can be found in De Voil Indirect Tax Service V1.301 and V3.360.
A special Northern Ireland VAT number prefix of ‘XI’ is used to distinguish between transactions that take place under EU VAT law (ie supplies made under the Northern Ireland Protocol) and supplies made under UK VAT law.
This does not mean that there are different VAT numbers; the same VAT number is used for both kinds of transactions.
The UK has suggested that a business is trading under the Northern Ireland Protocol where:
goods are located in Northern Ireland at the time of sale
**Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason.
Access this article and thousands of others like it free for 7 days with a trial of TolleyGuidance.
Read full article
Already a subscriber? Login
Capital vs revenue expenditureExpenditure of a capital nature is not allowed as a deduction when calculating trading profits. Expenditure of a revenue nature is allowable, provided there is no specific statutory rule prohibiting a deduction and the expenditure also satisfies the wholly and
IP COMPLETION DAY: 11pm (GMT) on 31 December 2020 marked the end of the Brexit transition / implementation period entered into following the UK’s withdrawal from the EU. At this point in time, key transitional arrangements came to an end and significant changes began to take effect across the UK’s
Introduction to the regimeThe aim of the patent box regime is to provide an incentive for companies to develop and retain patents and other qualifying intellectual property within the UK as part of the Government’s growth agenda. Finance Act 2012 originally introduced the legislation governing the
To view our latest tax guidance content, sign in to Tolley Guidance or register for a free trial.