In the event that the UK leaves the EU with no withdrawal agreement in place on 29 March 2019, goods arriving from other EU member states will be treated as imports from this date.
Month: January 2019
Throughout December, HMRC issued letters to business trading exclusively or heavily with customers based in the EU, outlining steps that they feel businesses should take in case a deal for the UK’s withdrawal from the EU cannot be reached prior to their exit.
It is not a good Wednesday morning in 2019 for Theresa May. On Tuesday night May suffered an historic defeat (the largest Commons defeat in political history) when her Brexit deal received a vote of no confidence (and Mrs May might follow suit shortly if the opposition party has its way).
Since 2015, businesses who have made B2C supplies of broadcasting, telecommunications and e-services (“BTE”) to EU based consumers have been required to charge VAT according to the member state where the supply is made.
Under Turkish VAT law, electronic supplies of newspapers, magazines and books have been subject to a reduced rate of 1% or 8%.
The government of Costa Rica has confirmed that the existing sales tax system will be replaced by a VAT system, with effect from 1 July 2019. The tax will apply to the majority of goods and services.
Businesses using the UK’s VAT Mini One Stop Shop (MOSS) to declare sales of digital services to consumers in the EU should continue to use the UK’s MOSS portal in the normal way to submit and pay their return for the first quarter of 2019.