{"id":20719,"date":"2021-02-11T12:36:06","date_gmt":"2021-02-11T12:36:06","guid":{"rendered":"https:\/\/smh.group\/?p=20719"},"modified":"2021-02-11T12:36:06","modified_gmt":"2021-02-11T12:36:06","slug":"brexit-transition-leaves-questions-on-vat","status":"publish","type":"post","link":"https:\/\/devstagesite.co.uk\/smhgroup\/brexit-transition-leaves-questions-on-vat\/","title":{"rendered":"Brexit transition leaves questions on VAT"},"content":{"rendered":"\n<p><strong>Many businesses are struggling with the VAT regime in place since Brexit, especially when it comes to exporting goods to the EU. We address some of the common misunderstandings.<\/strong><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Exporting goods<\/strong><\/h3>\n\n\n\n<p>Provided you have proof of postage or shipment, goods exported from the UK to the EU are zero-rated. However, as businesses are finding out, problems arise because the VAT implications of importing into the EU must also be factored in.<\/p>\n\n\n\n<p>Most businesses will need to accept responsibility for the EU VAT and therefore export on delivered duty paid terms. This adds significant cost unless you register for VAT in each country exported to so that VAT can be recovered. However, the introduction of the EU\u2019s one stop shop from 1 July 2021 will mean just one EU member state VAT registration will be required for consignments of less than 150 Euros.<\/p>\n\n\n\n<p>Many businesses are setting up an EU base to get round the worst of the problems, which the government has appeared to encourage. The Netherlands, with English spoken by most, is a popular choice, and Dutch logistics and warehousing companies are seeing high demand for their services.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Imported goods<\/strong><\/h3>\n\n\n\n<p>The introduction of postponed import VAT accounting means that, in most cases, import VAT does not need to be paid upfront. Instead import VAT is accounted for as a reverse charge on the VAT return. You or your agent simply need to indicate on the customs declaration that postponed accounting will be used.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Services<\/strong><\/h3>\n\n\n\n<p>VAT on business to business services remains essentially the same, with the place of supply generally where the recipient belongs. There is no longer any need to submit EC sales lists for goods exported or services supplied to the EU.<\/p>\n\n\n\n<p>HMRC guidance on VAT on exports can be found <strong><span style=\"text-decoration: underline;\"><a href=\"https:\/\/www.gov.uk\/guidance\/vat-exports-dispatches-and-supplying-goods-abroad\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a><\/span><\/strong>. If you need any assistance interpreting the new rules, contact our <strong><span style=\"text-decoration: underline;\"><a href=\"https:\/\/devstagesite.co.uk\/smhgroup\/chartered-accountants\/\">Accounting &#038; Business Advisory<\/a><\/span><\/strong> on <strong>0114 266 4432<\/strong> or <strong><span style=\"text-decoration: underline;\"><a href=\"mailto:info@smhca.co.uk\">info@smhca.co.uk<\/a><\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Many businesses are struggling with the VAT regime in place since Brexit, especially when it comes to exporting goods to the EU. We address some of the common misunderstandings.<\/p>\n","protected":false},"author":4,"featured_media":18941,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[3],"tags":[183,83,202,723,702,11,721,722,684,76],"class_list":["post-20719","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-smh-accounting-business-advisory","tag-brexit","tag-chartered-accountants","tag-eu","tag-eu-vat","tag-export","tag-hmrc","tag-import","tag-services","tag-uk","tag-vat"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Brexit transition leaves questions on VAT - SMH Group Accounting &amp; Business Advisory<\/title>\n<meta name=\"description\" content=\"Many businesses are struggling with the VAT regime in place since Brexit, especially when it comes to exporting goods to the EU. We address some of the common misunderstandings.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Brexit transition leaves questions on VAT - SMH Group Accounting &amp; Business Advisory\" \/>\n<meta property=\"og:description\" content=\"Many businesses are struggling with the VAT regime in place since Brexit, especially when it comes to exporting goods to the EU. We address some of the common misunderstandings.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/devstagesite.co.uk\/smhgroup\/brexit-transition-leaves-questions-on-vat\/\" \/>\n<meta property=\"og:site_name\" content=\"SMH Group\" \/>\n<meta property=\"article:published_time\" content=\"2021-02-11T12:36:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2019\/03\/Brexit.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"624\" \/>\n\t<meta property=\"og:image:height\" content=\"351\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Brendan Hall\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Brendan Hall\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/brexit-transition-leaves-questions-on-vat\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/brexit-transition-leaves-questions-on-vat\/\"},\"author\":{\"name\":\"Brendan Hall\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/637129b7464f960037f1b676f625570e\"},\"headline\":\"Brexit transition leaves questions on VAT\",\"datePublished\":\"2021-02-11T12:36:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/brexit-transition-leaves-questions-on-vat\/\"},\"wordCount\":319,\"image\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/brexit-transition-leaves-questions-on-vat\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2019\/03\/Brexit.jpg\",\"keywords\":[\"Brexit\",\"chartered accountants\",\"EU\",\"EU VAT\",\"export\",\"HMRC\",\"import\",\"services\",\"UK\",\"VAT\"],\"articleSection\":[\"SMH Accounting &amp; Business Advisory\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/brexit-transition-leaves-questions-on-vat\/\",\"url\":\"https:\/\/devstagesite.co.uk\/smhgroup\/brexit-transition-leaves-questions-on-vat\/\",\"name\":\"Brexit transition leaves questions on VAT - SMH Group Accounting & Business Advisory\",\"isPartOf\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/brexit-transition-leaves-questions-on-vat\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/brexit-transition-leaves-questions-on-vat\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/devstagesite.co.uk\/smhgroup\/wp-content\/uploads\/2019\/03\/Brexit.jpg\",\"datePublished\":\"2021-02-11T12:36:06+00:00\",\"author\":{\"@id\":\"https:\/\/devstagesite.co.uk\/smhgroup\/#\/schema\/person\/637129b7464f960037f1b676f625570e\"},\"description\":\"Many businesses are struggling with the VAT regime in place since Brexit, especially when it comes to exporting goods to the EU. 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