Brexit Byte #5 – Triangulation stops, so register in EU

Goods moved from a supplier in one EU country to a customer in another by a business registered for VAT in the UK, are currently VAT-free under a process known as triangulation.

After Brexit, UK businesses can no longer expect to benefit from this EU simplification and instead can expect to be required to register for VAT within the EU. If so, the business may need to report this in that country’s local VAT Return.

euVAT Online provides an automated VAT Return preparation service across the EU – click here for details:

#brexitplanning #brexitready #vat #eu