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VAT: Northern Ireland

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The European Commission has proposed changes to the EU’s VAT rules to accommodate trade with Northern Ireland in preparation for IP completion day. The changes would ‘introduce a special identification number for businesses in Northern Ireland, so that EU VAT provisions can be properly applied to goods, in line with the Protocol on Ireland/Northern Ireland’. The provisions will not apply to supplies of services in Northern Ireland, which will instead be subject to UK VAT rules after IP completion day. The Commission has encouraged member states to ‘rapidly agree to the proposal, so that it can be implemented as quickly as possible’ in time for 1 January 2021.

The Commission has published more than 100 ‘readiness notices’ for different sectors on expected changes from 1 January 2021
Issue: 1499
Categories: News