13 November 2020
The UK tax authorities have confirmed that English, Welsh and Scottish businesses importing goods into the UK from the EU will still be required to prepare and submit monthly Intrastat reports after the Brexit transition period ends on 31 December 2020.
Intrastat is a monthly report submitted to the UK tax authorities, which collects statistics on goods traded or moved between the UK and other EU member states.
The UK tax authorities also confirmed that businesses exporting goods into the EU will no longer be required to submit Intrastats and that Northern Irish businesses will be obliged to prepare Intrastat reports for all movements until at least 2025.
Are you trading globally? Whether you require basic VAT advice or specific VAT compliance support, Fiscal Solutions can help. Our team of multi-lingual experts are knowledgeable in all the different VAT rules in Europe and around the world.
We help you simplify today’s complexities and address tomorrow’s challenges. The values we represent, and our consistent advice, mean you can trust Fiscal Solutions to do the right thing – for you and your organisation.
LATEST NEWS
Reminder: Finland standard VAT rate increase from...
A reminder that the Finnish standard VAT rate will increase from 24% to 25.5% on 1 September 2024. This increase will make the Finnish standard VAT rate the...
SEE MORE
LATEST NEWS
Estonia to end Covid-related reduced VAT rate cuts...
Estonia will increase the VAT rate on the following supplies from 1 January 2025: Accommodation services from 9% to the 13% reduced VAT rate. Newspapers both...
SEE MORE
LATEST NEWS
South Africa scraps low value import VAT exemption
On 1 September 2024 the South African Revenue Service (SARS) will scrap its current import VAT exemption on low value goods. This import VAT exemption allows...
SEE MORE