Information on the tax implications of the UK´s withdrawal from the EU (BREXIT)

After 23:00 GMT on 31 January 2020, the United Kingdom of Great Britain and Northern Ireland (hereinafter referred to as "the United Kingdom") withdrew from the European Union. The withdrawal of the United Kingdom is supported by the "Agreement on withdrawal". This agreement ensures that the so-called transitional period will last until 31 December 2020, during which the United Kingdom will temporarily remain in the single market and negotiate an agreement on the future long-term arrangement of relations with the EU and its member states. Until December 31, 2020, business and other relationships will operate according to existing procedures.

 

There are no changes in the application of value added tax ("VAT") during the transitional period. For example, for case

·      

tax refund according to § 82 of the VAT Act

·      

intra-community delivery/ acquisition of goods

·      

MOSS services

·      

Other special arrangements in relation to the EU (eg §8 shipment of goods, §90 special regime for traders of used goods, etc.

The same rules continue to apply to the United Kingdom as to other EU countries.

The same conclusion on the maintenance of existing procedures for a transitional period applies to the income taxation procedure.

 

We will inform you in a future email of the procedures after January 1, 2021.

Information on the tax implications of the UK´s withdrawal  from  the EU (BREXIT)

After 23:00 GMT on 31 January 2020, the United Kingdom of Great Britain and Northern Ireland (hereinafter referred to as "the United Kingdom") withdrew from the European Union. The withdrawal of the United Kingdom is supported by the "Agreement on withdrawal". This agreement ensures that the so-called transitional period will last until 31 December 2020, during which the United Kingdom will temporarily remain in the single market and negotiate an agreement on the future long-term arrangement of relations with the EU and its member states. Until December 31, 2020, business and other relationships will operate according to existing procedures.

 

There are no changes in the application of value added tax ("VAT") during the transitional period. For example, for case

  • tax refund according to § 82 of the VAT Act
  • intra-community delivery/ acquisition of goods
  • MOSS services
  • Other special arrangements in relation to the EU (eg §8 shipment of goods, §90 special regime for traders of used goods, etc.

The same rules continue to apply to the United Kingdom as to other EU countries.

 

The same conclusion on the maintenance of existing procedures for a transitional period applies to the income taxation procedure.

 

We will inform you of the procedure after January 1, 2021 as follows.<--I'm not sure what you mean here.  Option --->  in a future email when the procedures have been defined by the UK and EU.