The government has laid regulations making various changes to four statutory instruments and revoking one order, from a day to be appointed in the event that the UK leaves the EU without a deal.
Changes made by The Value Added Tax (Miscellaneous Amendments, Revocation and Transitional Provisions) (EU Exit) Regulations, SI 2019/513, include:
ensuring partial-exemption special methods agreed before EU exit in relation to supplies of financial services will continue under the new rules;
a transitional provision allowing EU VAT refund system claims to be dealt with after exit;
allowing existing legislation on European Research Infrastructure Consortia to be retained with consequential amendments, meaning that TCTA 2018, Sch 8 Para 94(9) and SI 2019/59, art 89 will not now be commenced;
extending for a two-year period the recipient’s joint and several liability for import VAT on certain postal packets;
a nine-month transitional period for UK fulfilment houses who import goods from the EU to obtain HMRC approval; and
a power to make provision in a public notice for collection of VAT from certain businesses using transitional simplified procedures.
The four statutory instruments amended are:
The Value Added Tax Regulations, SI 1995/2518;
The VAT (Relief for European Research Infrastructure Consortia) Order, SI 2012/2907;
The VAT (Postal Packets and Amendment) (EU Exit) Regulations, SI 2018/1376; and
The Fulfilment Businesses Regulations, SI 2018/326.
The VAT (Special Accounting Schemes) (Supplies of Electronic, Telecommunication and Broadcasting Services) Order, SI 2018/1194, which introduced a €10,000 threshold for application of home country VAT rules to supplies of digital services, will no longer be relevant to UK businesses after EU exit and is revoked.
The government has laid regulations making various changes to four statutory instruments and revoking one order, from a day to be appointed in the event that the UK leaves the EU without a deal.
Changes made by The Value Added Tax (Miscellaneous Amendments, Revocation and Transitional Provisions) (EU Exit) Regulations, SI 2019/513, include:
ensuring partial-exemption special methods agreed before EU exit in relation to supplies of financial services will continue under the new rules;
a transitional provision allowing EU VAT refund system claims to be dealt with after exit;
allowing existing legislation on European Research Infrastructure Consortia to be retained with consequential amendments, meaning that TCTA 2018, Sch 8 Para 94(9) and SI 2019/59, art 89 will not now be commenced;
extending for a two-year period the recipient’s joint and several liability for import VAT on certain postal packets;
a nine-month transitional period for UK fulfilment houses who import goods from the EU to obtain HMRC approval; and
a power to make provision in a public notice for collection of VAT from certain businesses using transitional simplified procedures.
The four statutory instruments amended are:
The Value Added Tax Regulations, SI 1995/2518;
The VAT (Relief for European Research Infrastructure Consortia) Order, SI 2012/2907;
The VAT (Postal Packets and Amendment) (EU Exit) Regulations, SI 2018/1376; and
The Fulfilment Businesses Regulations, SI 2018/326.
The VAT (Special Accounting Schemes) (Supplies of Electronic, Telecommunication and Broadcasting Services) Order, SI 2018/1194, which introduced a €10,000 threshold for application of home country VAT rules to supplies of digital services, will no longer be relevant to UK businesses after EU exit and is revoked.
