The UK’s position regarding Brexit remains unclear. We are keeping abreast of matters as they unfold and we will be adding updates as guidance is issued by HMRC.
Additionally, we have published a blog on the implications of Brexit on the right to reclaim VAT on costs associated with businesses operating in the financial service and insurance sector. The blog considers the various possible scenarios and the impact on these specific sectors.
To ensure you receive our updates on any changes to the UK VAT system, including Brexit, as these are announced we highly recommend signing up for our regular free electronic newsletter service.
How can CVC help you plan for Brexit?
Please contact us if you have any immediate concerns about trading with the EU post Brexit. You should consider:
- The impact of any likely changes on cross-border transactions, including MOSS;
- Whether the removal of the ability to rely on EU law rights will impact on your particular business;
- Whether it may be possible to restructure some transactions to lessen the impact of changes resulting from Brexit;
- Whether it may be necessary to consider a VAT registration in another EU country.