VAT & Trading with the UK - A Guide for the EU
The UK left the EU, finally and irrevocably on 31 December 2020.
This virtual classroom session explains the VAT and duty consequences and costs involved in cross border trade in goods with, and within, the UK, and through the UK to the EU and the rest of the world. It also highlights important VAT changes to international services.
The session is for accountants and lawyers based in the EU, who really need to understand this new trading landscape, and the potential difficulties for their clients. Any firm with an establishment in the UK will also be interested in the UK specific changes to VAT and international services.
What You Will Learn
This live and interactive session will cover the following:
Setting the Scene
- Imports and exports of goods in to, and out of, the UK and the EU
- Intra-EU movements and supplies of goods
- INCO terms and how this will work from the next step
Post Transition Goods
- UK imports and exports
- Procedures, costs and Tariffs
- Postponed VAT accounting
- The Northern Ireland Protocol
- Special rules for consignments under £135
- Preferential trade deals
- Reliefs and facilitating measures
- The end of distance sales and triangulation simplifications
- General rule and beneficial changes for certain B2C supplies
- The reverse charge
- The ‘effective use and enjoyment’ shift
- Changes for ‘Specified Supplies’ and VAT benefits for UK businesses in the financial services and insurance sectors
Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.