A No-Deal Brexit – proposed VAT & Customs Legislation

With 100 days to go before the 29^th March Leave date the UK Government is issuing further proposed legislative orders which will be enacted should a No Deal situation arise. Proposed Statutory instruments here provide VAT specific arrangements on how to check for a Valid UK VAT number – which businesses would normally do through the EU based VIES online system – and on requirements for on-line marketplaces when dealing with Postal Imports.

Other proposals look at the recording of Customs Statistical Information to continue to provide the required economic data on the balance of trade that the UK has with the rest of the world. Currently for EU movements this is collected through the Intrastat and the EU Sales List and plans have to be in place to ensure this data can still be collected. Whilst the route for this information may be through Customs Declarations made at the point or entry or departure   (i.e.- through HMRC data collection at that point) it is not wholly clear yet that the Intrastat; as a form that a UK Business has to submit; will disappear immediately.

Whilst nothing is certain there are conversations that can be had about what the VAT arrangements and movements of Goods could look like and modelling can be done on impact areas in a range of scenario’s. Centurion has been having such conversations with their clients for some time now. VAT is a complex area and that’s where Centurion specialises. If we can help to start your Brexit journey from the VAT perspective then do get in touch with a member of the Centurion VAT team on 01633 415390 or emailus@centurionvat.com.

Centurion VAT offer an independent and expert source for VAT advice.  Based in Wales we work across the UK and have overseas clients who need VAT advice and support when setting up in the UK.

VAT advice for organisations who find themselves at an unfortunate juncture with UK VAT for whatever reason, is where we help out. VAT sensitive sectors such as Universities, Further Education Colleges, Housing Associations, Charities and Corporate businesses where VAT can be a real cost are where we specialise. Exporters under challenge from HMRC on Export Evidence; a property development where VAT exempt activities are complex; a Local Authority or a Leisure or Cultural Trust – whatever your sector, when you need to get expert VAT advice Centurion is where you’ll find it.

An award winning VAT team is what you’ll find at Centurion – evidence of the quality of our VAT advice and service can be showed by our long term retention of clients. Whatever your VAT issue – BREXIT, Making VAT Digital, Partial Exemption or Property then do make contact with a call or email emailus@centurionvat.com.