With the Brexit transition deadline looming, HMRC is now in the process of sending letters to all VAT-registered businesses within Great Britain that trade with the EU and/or the rest of the world.

The letter, which you can access through the following link, sets out the action businesses need to have taken in order to continue to trade freely with EU firms from January 1, 2021.

https://www.gov.uk/government/publications/letters-to-businesses-about-new-trade-arrangements-with-the-eu-from-1-january-2021

 

  1. Do I Need To Act Now?

 

  1. What Is Changing?

 

  1. What Do I Need To Do?

 

  1. What Are The Implications Upon Tariffs Payable?