Bulgarian National Revenue Agency publishes guidance on VAT and customs implications of Brexit

8 March 2019

On 25 February 2019, the Bulgarian National Revenue Agency published guidance on the potential VAT and customs implications of a no-deal Brexit for Bulgarian companies.

Within this guidance the National Revenue Agency provides various recommendations to companies doing business with the United Kingdom concerning;

• Registration with the customs authorities for trading with non-EU countries;
• Checking whether they have the required human resources, technical capacity and customs permissions for trading with non-EU countries;
• Considering an application for obtaining Authorised Economic Operator status - this status is an internationally recognised quality mark that allows businesses access to some simplified customs procedures;
• If registered under the Mini-one-stop-shop (MOSS) scheme in the United Kingdom, consider moving this registration to one of the other 27 EU member states
• Making any EU VAT refund directive claims relating to UK VAT well in advance before 29 March 2019 - The EU VAT Refund Directive is a mechanism in which EU companies can claim VAT incurred in other EU countries outside of a VAT registration.

For the full guidance please see here (in Bulgarian).

LATEST NEWS

Separate EORI number for Northern Ireland required

HMRC have recently confirmed that businesses who import and export goods from Northern Ireland (NI) will need a special Economic Operator Identification Number...

SEE MORE
LATEST NEWS

Belgium force UK companies to engage a fiscal...

The Belgium tax authorities are contacting UK traders who hold a Belgium VAT account to inform them that they have a requirement to appoint a fiscal...

SEE MORE
LATEST NEWS

Fiscal representation not required in France for UK...

The French tax authorities have confirmed that UK businesses will not have a requirement to engage a fiscal representative when the Brexit transition period...

SEE MORE

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.