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UK Issues Guidance on VAT and Trade if No Brexit Deal is Reached with the EU

27 August 2018

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Approved Changes

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United Kingdom-European Union

On 23 August 2018, UK HMRC issued two notices on guidance for VAT and trade if the UK leaves the EU without an agreement. Each notes that such a scenario is unlikely, but that business should consider the impacts. Trading with the EU if there's no Brexit deal The purpose of this notice is to inform businesses of the implications for the trade in goods between the UK and EU countries and the actions they may want to now consider taking to mitigate the potential impacts in the event that the UK leaves the EU on 29 March 2019 with...