The UK continues to levy VAT and the rules relating to UK domestic transactions continue to apply to businesses as they did previously. So, what does the Brexit deal mean for VAT changes? VAT procedures on the whole remain as those prior to 31 December 2020, but there are some changes to the VAT rules and procedures for transactions between the UK and EU member states.
To help you understand how the UK’s VAT rules have changed since 1st January 2021, in the second guide of our Beyond Brexit series, we’re specifically tackling VAT Changes. I hope you find it useful.