VAT: New HMRC guidance for businesses trading with the EU

By   1 October 2020

HMRC has produced some help for business which will trade with other EU Member States from 1 January 2021 after Brexit. This includes videos and other information. it is divided into the following categories:

  1. Exporting and sending goods outside of the UK
  2. Importing and bringing goods into the UK
  3. The customs clearance process
  4. Webinars for exporters of animals and products of animal origin to the EU
  5. Related content

The guidance sets out what a business needs to do if it:

  • exports goods to the EU (currently called dispatches)
  • imports goods from the EU (currently called acquisitions)
  • moves people, data and services between the UK and the EU

It is said that the videos (on You Tube) are to help a business understand more about the decisions and processes in dealing with other countries. The actions will be required regardless of the outcome of negotiations with the EU and whether or not the government secures a Free Trade Agreement.