• Menu
  • Skip to right header navigation
  • Skip to main content
  • Skip to secondary navigation
  • Skip to primary sidebar
  • Skip to footer

Before Header

Call us today!  028 3752 2909 or 028 8778 9500

  • Facebook
  • LinkedIn
  • Twitter

WHR Accountants

  • HOME
  • ABOUT
  • OUR TEAM
  • SPECIALIST SERVICES
    • Audit & Assurance
    • Accountancy
    • Book Keeping
    • Computerisation
    • Payroll Services
    • Business Development & Start-up
    • Tax
    • VAT
    • Business Information Systems Support
  • BECOME A CLIENT
  • BLOG
  • VACANCIES
  • CONTACT
  • SEARCH

Mobile Menu

  • HOME
  • ABOUT
  • OUR TEAM
  • SPECIALIST SERVICES
    • Audit & Assurance
    • Accountancy
    • Book Keeping
    • Computerisation
    • Payroll Services
    • Business Development & Start-up
    • Tax
    • VAT
    • Business Information Systems Support
  • BECOME A CLIENT
  • BLOG
  • VACANCIES
  • CONTACT
  • SEARCH
  • Facebook
  • LinkedIn
  • Twitter
Home » Blog » VAT Will Still Be With Us

VAT Will Still Be With Us

November 22, 2018 By //  by Andrew Gilpin Leave a Comment

VAT Will Still Be With Us Whether It`s A Brexit Deal Or No Deal

Thursday, August 30th 2018 4:44pm

There has been a lot of talk over the last few weeks about the possibility of the UK being unable to broker a deal with the European Union for when they finally leave next year, although recent indications do seem to show that a deal could be closer now than it has been for some while.

But whether there is a Brexit deal or a no deal there is very little doubt that VAT is here to stay as it is far too valuable for HMRC to let it go. The Department for Exiting the European Union has issued a number of guidelines giving details on what is likely to happen if it does come to pass that there is no deal and some of these details concern VAT and how Brexit will affect businesses.

VAT Guidelines

The main headlines of these guidelines concerning VAT, as published on the Business Advice website are as follows:

  • The UK will continue to have a VAT system after it leaves the EU
  • Businesses will need to apply the same customs rules to goods moving between the EU and the UK as they would for the rest of the world
  • Postponed accounting for import VAT will be applied on goods coming into the UK
  • VAT will be payable on goods entering the UK as parcels sent by overseas businesses (currently true for parcels from outside the EU). For parcels worth up to £135, a technology-based solution will be applied where overseas businesses register with HMRC in order to pay VAT
  • The UK will cease to be a member of EU VAT IT systems including the VAT Mini One Stop Shop.

Confidence In Goods & Services

When the UK leaves the EU it is vital that confidence and trust in all the goods and services from this country are maintained so that businesses will be affected as little as possible by the changes.

If you own a business and you would like any advice on your business and how it will be affected by Brexit please give us a call for a chat in the first instance on 028 3752 2909 and we will be glad to assist you.

Category: General

Looking for immediate answers to your questions?

Schedule a no-cost consultation today!

This is a very useful Call To Action in the “After Entry” widget area. You can put whatever you’d like in it, and change the background color to whatever you’d like.

You May Also Be Interested In:

Extra £2.6 Billion Of New Capital Announced To Help Fund Growth

Funding Package Announced To Support Employee Ownership In NI

Private Sector Back In Growth Mode In May

Accountancy Body Calls For More Competitive Rate Of Corporation Tax

Don’t Go It Alone: Why An Accountant Is Your Best Ally For Making Tax Digital In 2026

Soaring Costs Hit Hospitality Sector Hard

Northern Ireland Energy Summit Back For A 2nd Year

Beyond The Fee: How An Accountant Can Save You Money On Your Taxes

BGF To Play Its Part In Supporting Businesses Across The UK With Funding

Previous Post: «10 Mistakes First Time Home Buyers Need to Avoid 10 Mistakes First Time Home Buyers Need to Avoid
Next Post: Tax Deadlines In Late July & August »

Reader Interactions

Leave a Reply Cancel reply

You must be logged in to post a comment.

Primary Sidebar

WE PROMISE YOU:

If you are finding the current economic situation tough, then rest assured, we understand the pressures you face as a business owner or manager. You don’t have to face the future alone. When you choose WHR, you have an ally, a partner, a friend, in both the good times and the tough times.

028 3752 2909
028 8778 9500

RECENT POSTS

Job Retention Scheme – Update

Dear Payroll Client We are trying to continue to run our …

Extra £2.6 Billion Of New Capital Announced To Help Fund Growth

In welcome news yesterday (Mon June 23rd), the Secretary of …

Funding Package Announced To Support Employee Ownership In NI

The Economy Minister Dr Caoimhe Archibald shrewdly chose …

Private Sector Back In Growth Mode In May

The latest survey from Ulster Bank has revealed that the private …

Accountancy Body Calls For More Competitive Rate Of Corporation Tax

A new report compiled by Chartered Accountants Ireland, entitled …

Don’t Go It Alone: Why An Accountant Is Your Best Ally For Making Tax Digital In 2026

The UK's tax landscape is undergoing its most significant …

Footer

Director

James Robinson

Head Office

WHR Chartered Certified Accountants
028 3752 2909 or 028 8778 9500

56 English Street,
Armagh
BT61 7LG

Contact Us

Contact our office today. Our team are ready to help you. There is no better time than now.
Click Here →

Follow Us

Keep up to date with our social media

  • Facebook
  • LinkedIn
  • Twitter
  • Blog
  • Specialist Services
  • Privacy Policy

Website created by ZebWeb