On January 1, 2020, the United Kingdom (UK) left the European Union (EU) on the basis of an agreement concluded with the EU. The Brexit will change the VAT and customs rules in transactions between the EU Member States and British entities. Therefore, companies should adapt themselves smoothly for the upcoming changes, in order to […]
What will Brexit bring in VAT?
CURRENT BREXIT SITUATION On January 2020 United Kingdom (UK) based on an agreement concluded with the European Union left EU. Nevertheless at least until the end of 2020, there is an exit transitional regulation period when the existing EU VAT regime, single market, and customs rules still apply. There is a possibility that the final […]
BREXIT – EORI after January 1, 2021
In the case of entities registered in the United Kingdom, having an EORI number was related to transactions with third countries. However, due to the fact that the United Kingdom is leaving the European Union, it will be necessary to have an EORI number for further operation of entities. Therefore, entrepreneurs conducting transactions with European […]