Preparing for Brexit: Key VAT & Customs Considerations

Presented by Grant Thornton

In this webinar, Richard Morley (Manager - Customs & Export Control) and Alex Baulf (Associate Director – International Indirect Tax) from Grant Thornton explains the VAT regime changes as a result of Brexit.

Since the mid 1990's, businesses trading goods with other Member States of the EU have done so without the need for any Customs formalities. When the UK leaves the EU it will become a 'third' country to the other Member States and any movement of goods will trigger either an import or export for Customs purposes.

The session looks looks at

  • The four pillars of Customs compliance (classification, valuation, origin and reliefs)
  • Likely Transitional Simplified Procedures for Roll-on, Roll-off arrivals from the EU
  • Changes that affect UK traders in relation to UK VAT, and EU VAT registrations
  • Making Tax Digital

Should you have any questions on this subject, or need further clarification on anything discussed in the webinar, please email Reema Patel the Membership Engagement Executive, who will make sure your query is answered.