The UK’s exit from the European Union – VAT, customs and excise duty
The UK left the European Union on 31 December 2019 and is now in a transition period that will end on 31 December 2020 (subject to any changes arising from future negotiations).
From ‘day one’ after the end of the transition period, there will be changes in the way indirect taxes are accounted for when importing into the UK. New processes for administering imports and exports will be implemented and taxpayers may need to obtain additional information about their goods for crossing the UK border, and they may require the services of a customs agent.
To assist our members in preparing for the impact of leaving the EU and to understand the issues arising, we have collated a wide variety of information, from UK and EU legislation to HMRC’s guidance.
Find updates for Brexit and indirect tax in our latest news page.