Brexit’s consequences with respect to VAT and Customs rules will be significant: the UK will thereafter be considered as a territory outside the EU.
Building up or participating in an international supply chain that involves the UK should trigger the same VAT and Customs consequences as with any other country that is not a party to the EU. All economic operators engaged in transactions with the UK (purchases or sales) or involved in such a chain are concerned by this change.
Supplies of goods and services carried out with the United Kingdom will, post-Brexit, undoubtedly be treated as imports and exports and will have to comply with the same regimes applicable to them, including the filing and invoicing requirements applicable to transactions with third countries to the EU. Customs formalities will have to be carried out for flows between the EU and the UK, automatically leading to longer time lags in the movement of goods and equipment between the two territories. This raises the question of complying with level of service commitments.
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Customs and Excise Taxes
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