HMRC has published new guidance Accounting
for VAT on goods moving between Great Britain and Northern Ireland from 1
January 2021 to help UK VAT-registered businesses understand when they
can, or whether they need to, account for VAT on goods moving between Great
Britain and Northern Ireland after the end of the Brexit transition period. Although
the Northern Ireland Protocol will maintain alignment between NI and the EU on
some administrative processes, NI will remain part of the UK’s VAT system.
HMRC’s new guidance Moving
excise goods as freight under the Northern Ireland Protocol from 1 January 2021
examines the different scenarios where excise goods are moved between NI and GB
and the EU and the rest of the world, including where the goods are moved from
one region to another via GB. The guidance also covers the excise movement and
control system (EMCS) which will continue to apply (with modifications in some
cases) unless alternative control systems have been specifically approved.
HMRC has published new guidance Accounting
for VAT on goods moving between Great Britain and Northern Ireland from 1
January 2021 to help UK VAT-registered businesses understand when they
can, or whether they need to, account for VAT on goods moving between Great
Britain and Northern Ireland after the end of the Brexit transition period. Although
the Northern Ireland Protocol will maintain alignment between NI and the EU on
some administrative processes, NI will remain part of the UK’s VAT system.
HMRC’s new guidance Moving
excise goods as freight under the Northern Ireland Protocol from 1 January 2021
examines the different scenarios where excise goods are moved between NI and GB
and the EU and the rest of the world, including where the goods are moved from
one region to another via GB. The guidance also covers the excise movement and
control system (EMCS) which will continue to apply (with modifications in some
cases) unless alternative control systems have been specifically approved.
