Skip to main content
E
edagr
October 21, 2019
Solved

How do we enter import vat that will be charged post Brexit?

  • October 21, 2019
  • 1 reply
  • 0 views
After Brexit the HMRC will be charging vat on goods imported from the EU, the supplier does not put vat onto their invoices as for them the goods are being exported outside the EU. So there would be no invoice as such with the vat on it, but we will need to accounts for this vat in our quarterly vat returns
Best answer by katherinejoyceO

Thanks for coming back for more support, @edagr. Basing on the HMRC website, the new rules will take effect on January 2021. You can check this link to check how to get ready for new rules in 2021. 

 

Know that we're always delighted to help in any way we can if you have more questions. Stay safe. 

 

1 reply

P
payment after leaving
October 21, 2019

Hi edagr

 

We have not been given any information from HMRC in regards to what will happen if Brexit does or doen't proceed. Therefore until we are given further information the way VAT is recorded will remain the same.

We are in the process of creating an community article regarding Brexit which will be posted in the very near future.

E
edagrAuthor
May 18, 2020

Hi

Has there been any update on this issue at all? 

Thanks

Ed

 

katherinejoyceO
katherinejoyceOAnswer
May 18, 2020

Thanks for coming back for more support, @edagr. Basing on the HMRC website, the new rules will take effect on January 2021. You can check this link to check how to get ready for new rules in 2021. 

 

Know that we're always delighted to help in any way we can if you have more questions. Stay safe. 

 

Terms & ConditionsAccessibility statement