Potential VAT implications of trade with the UK post-Brexit.

Reporting

Value-Added Tax (VAT) reporting obligations currently apply to trade between European Union (EU) Member States. Post-Brexit these obligations will no longer apply to trade with the United Kingdom (UK). Therefore, you will not have to report the following information for trade with the UK: 

  • Details of supplies in goods and services to VAT registered businesses in the UK on a VIES return
  • Details of sales to or purchases from the UK on Intrastat returns.

Next: European Union (EU) simplifications