VAT news - August 2018

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In the event of a Brexit “no deal” scenario postponed accounting for import VAT on goods to be introduced

carolineheath 23 August 2018 No comments

Postponed accounting for import VAT will be introduced if the UK leaves the EU without a deal on 29 March 2019. The government has confirmed that this will apply both to imports from the EU and non-EU countries.  This would generate a cash-flow benefit for those businesses that currently have to pay import VAT on…