What does Brexit currently mean for the terms of trade between the UK and EU for VAT, tariffs, or customs declarations.
It has been more than 24 months since the Brexit referendum took place and we still are not entirely sure what the outcome will be. The UK’s exit from the EU still remains uncertain, with the current deadline extended to 31 October 2019.
Let's look at what we do know about Brexit
Participation in the recent EU Parliamentary elections means the UK will remain a full member of the EU and there is no change during this delay period to the terms of trade between the UK and EU for VAT, tariffs, or customs declarations.
With the recent resignation of Theresa May, it has put increased pressure on the UK Government to agree on a Brexit deal.
The Brexit saga continues.
Over the past 24 months we have kept you up to date on how Brexit may effect VAT and indirect tax for companies based in the UK, and further afield. Check out these stories below.
We are keeping a close eye on this and we will keep you updated on any changes that will occur. To make sure you don't miss out, subscribe to our monthly VAT Guide below.