Categories
All VAT

Hungary-United Kingdom – Reciprocity required for 13th Directive VAT refunds

As of 1 January 2021, the United Kingdom is definitely considered a third country. Therefore, British companies wishing to obtain a refund of VAT paid in Hungary are subject to the 13th Directive refund procedure. As a reminder, the refund of Hungarian VAT is only possible if the following conditions are met: Existence of a […]

Categories
All VAT

Brexit – HMRC published thorough guidelines regarding the movement of goods between the United Kingdom and the European Union

As of 1st January 2021, the United Kingdom is definitively considered as a third country. In this context, HMRC has published a notice providing thorough details and advices regarding the treatment of VAT and customs duties applicable to the movement goods between the United Kingdom and the European Union. If you would like further details, […]

Categories
All VAT

Brexit – How to apply for an account to defer duty payment to import into Great Britain

HMRC has published a guidance note explaining how importers should apply for a duty deferment account to delay paying most customs or tax charges, such as below: Customs duties; Excise duties; Import VAT; If you have any questions, please contact us. Source: HM Revenue & Customs

Categories
All VAT

United Kingdom – Introduction of domestic reverse charge VAT for construction services

Since 1st March 2021, the United Kingdom introduced the domestic reverse charge VAT applicable to construction services.    This is a major change in the way VAT is collected in the building and construction industry.   If you would like further details, please contact our experts. Source: HM Revenue & Customs

Categories
All VAT

Brexit – HMRC implements a system to verify UK VAT numbers

HMRC has implemented a system for checking the validity of UK VAT numbers. This service is similar to the VIES system that currently exists for EU VAT numbers. This service is available here (en anglais). Source: HMRC

Categories
All VAT

Brexit – HMRC published guidelines detailing the treatment of the movement of goods between Great Britain and Northern Ireland

Following the transition period ending on 31 December 2020, the United Kingdom will be definitively considered as a non-EU country. In this context, HMRC published guidelines on 26 October 2020 detailing the treatment applicable on the movement of goods between Great Britain and Northern Ireland. If you would like further details, please contact our experts. […]

Categories
All International taxes VAT

Brexit – HMRC provides further details regarding the treatment of cross-border operations as of 1st January 2021

Following the transition period ending on 31 December 2020, the United Kingdom will be definitively considered as a non-EU country. On the 16 October 2020, the British Fiscal Administration (HMRC) provided thorough understanding regarding the treatment applicable to cross-border operations from 1 January 2021 (exports/imports guidance documents). If you would like further details, please contact […]

Categories
All VAT

Brexit – HMRC provide thorough details regarding the treatment of the Cross-Border operations as of 1st January 2021

At the end of the transition period on 31 December 2020, the United Kingdom will be definitively considered as a non-EU country. In this context, HMRC provided thorough details and clarifications regarding the treatment applicable to cross-border operations from 1st January 2021. If you would like further details, please contact our experts. Source: […]

Categories
All Customs obligations VAT

Brexit – Information on the movement of goods between the United Kingdom and Northern Ireland coming soon

In a letter to business regarding new trade agreements with the EU from January 1, 2021, HMRC promises that more information on the movement of goods between Great Britain and Northern Ireland will soon be available. HMRC also reiterates the importance of obtaining an EORI number in the UK quickly and the timetable for […]

Categories
All VAT

Brexit – Clarification about the VAT system applicable to low value consignments in the United Kingdom

HMRC has clarified the VAT regime applicable consignments of a value not exceeding GBP 135 sold in the United Kingdom. From now on, a distinction will have to be made depending: on whether the parcel is sent to the customer from a country outside the UK or locally from the United Kingdom; on whether the […]