This blog was last updated on December 8, 2020
Brexit: What are the Implications for VAT
Brexit is set to become reality at the end of December. So, what does it mean for organizations doing business in the UK and the European Union? Turns out, there are several tax implications that will need to be accounted for. In this episode of the Sovos Expert Series, Harriet Vivian sits down with Andy Spencer, director of consulting services at Sovos to discuss the impending changes and what organizations need to be thinking about when it comes to VAT including:
· The UK’s transition to third country status
· Impact on dispatches and acquisitions
· Ramifications on exports and imports
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