03 September 2018 Amanda Darley, Head of Operations and Engagement
HMRC has issued a guidance document on how VAT will operate in the event of a no-deal Brexit, and a technical note specifically about trading with the EU. Universities that buy from, sell to or move goods between EU member states should review these documents, as should universities who currently import goods from outside the EU.
The guidance focuses on trading with the EU, but also covers various other situations, including (but not limited to) the MOSS regime, claiming VAT refunds from EU countries, validating EU VAT numbers, and imports/exports between Northern Ireland and Ireland.
For more details, see our full news article here.