Preparing for a no-deal Brexit

As the 29 March Brexit date approaches there is still uncertainty around whether there will be any deal in place by then.

It is therefore very important that businesses are prepared and we would recommend acting now to prepare in case there is no deal.

Businesses trading with the EU need to consider the following:

If goods are moved

  • Getting an EORI number
  • Registering for simplified import procedures

If electronic services are supplied

  • Registering for non-Union MOSS in an EU member state

If goods are supplied to consumers in the EU under distance selling rules

  • Are VAT registrations required in other EU countries?

If VAT is paid in other EU member states

  • Claims for 2018 must be submitted before 29 March 2019
  • How will this VAT be claimed after Brexit?

HMRC has updated its online guidance on the the above, which can be viewed here.