The following Value Added Tax guidance note Produced by Tolley provides comprehensive and up to date tax information covering:
This guidance note looks at when a business will be entitled to account for import VAT under ‘postponed accounting’. Postponed accounting is expected to come into force after the end of the Brexit implementation period.
For an overview of the impact of Brexit on VAT and customs more broadly, see the Brexit ― overview guidance note. For an overview of the impact of Brexit on businesses moving goods between the UK and the EU, see the Brexit ― moving goods between the UK and EU after the implementation period guidance note.
Postponed accounting is designed to address the cash flow issues that would arise for many businesses if they were obliged to pay import VAT at the point that they import good
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The substantial shareholding exemption (SSE) provides a complete exemption from the liability to corporation tax on the gains generated from qualifying disposals of shares and interests in shares by qualifying companies. Conversely, if losses are generated by the disposal and the SSE conditions are
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