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HMRC has addressed letters to VAT-registered businesses in Great Britain trading with the EU and/or the rest of the world, highlighting actions they need to take to continue trading with the EU from 1 January 2021.
The HMRC has addressed letters to VAT-registered businesses in Great Britain trading with the EU, or the EU and the rest of the world.
They explain what businesses need to do to prepare for new processes for moving goods between Great Britain and the EU from 1 January 2021, including:
These actions, the HMRC explained, will not change regardless of the outcome of the government’s negotiations with the EU.
Businesses can find out more about the HMRC's update here.