Taxback Blog

Smarter VAT Solutions

With our blog we’ll keep you up to date on the latest happenings in the VAT area as well as our point of view on different legislative initiatives. Here we will share our opinion on new concepts and developments in the industry.

20.04.2017

So Brexit begins. What’s next for VAT

The UK has initiated its exit from the E.U. and unexpectedly called for a general election this June. So where does that leave VAT? Well for the time being, with not much change. The election is a clear sign of the Government setting its resolve but as far as VAT is concerned, it is business as usual until the law of VAT is changed.

It is most likely that legislators will be too busy with Brexit to be revising VAT legislation in the next two years. We can, however, expect some form of Customs controls for the UK after this point in time.

Both the World Trade Organisation and the EU have made it clear that it’s not possible to have a midway Customs Union.

This means the negotiations ahead will be long and detailed on the matter of VAT and duty throughout the next two years, and any implementation of changes will be well advertised in advance.

Rest assured we will be on hand to keep you informed with the latest in Brexit and VAT compliance news.

We know that Indirect taxes such as VAT and GST can have a huge effect on your business. As VAT rates change sporadically keeping yourself informed can be difficult.  Compliance is always crucial. That’s why our Indirect Tax Experts share their hand-picked news stories every day that you need to know. From breaking news to VAT changes and new EU legislation. We know that relevant information means better decision making. We aim to be your number 1 source for VAT and GST news.

Should you wish to discuss this or if you would like further information, please contact us by:

  +353 56 778 34 00      

  vat@taxbackinternational.com 

  Connect with us on Twitter

  Connect with us on LinkedIn

 

IDA Business & Technology Park,
Ring Road, Kilkenny,
Ireland

T: +353 1-887-1999
F: +353 1-670-6963
E: info@taxbackinternational.com

Contact Us